Obama's America: The Rich are Getting Richer

from JammieWearingFool:
The number of Americans who can call themselves millionaires has gone up in the past year, according to a report released Tuesday by Spectrem Group.

The number of U.S. households with a net worth of at least $1 million, not including primary residence, increased 16 percent to 7.8 million in 2009, according to the group's press release.

The number is up from 6.7 million in 2008. That follows a 27 percent decline in the millionaire population in 2008.

The number of households with a net worth of at least $5 million, known as Ultra High Net Worth households, surged 17 percent to 980,000 in 2009.