Millionaire Households on the Rise

Being a millionaire isn’t even cool anymore. This guy need someone to help him dress

Nearly 10 million households in the US have a net worth of at least $1 million, excluding their primary residences, according to TNS’s “Affluent Market Research Program.”

The research company said the number of millionaire households increased by 5.9% from June 2006 to June 2007. It was the sixth such increase in as many years.

Millionaire Households on the Rise

The average age in millionaire households was 66, with an average net worth of $4.6 million. The single most important financial goal of surveyed millionaires (56%) was to “assure a comfortable standard of living during retirement,” according to TNS.

Nearly six out of 10 millionaires surveyed said their investment approach had changed very little since the previous year. More than one-third said they “took a wait-and-see approach” toward investing and about one-quarter looked for investment bargains.