Number of millionaires is projected to rise rapidly

Jessica Dickler, staff writer, On Thursday May 5, 2011, 10:12 am EDT
CNN Money

Despite the Great Recession, which wiped out $15.5 trillion in household wealth in the United States alone, the number of millionaires in this country and abroad will grow rapidly over the next decade.

In the U.S., the total number of families with a net worth of over $1 million, including real estate, will double by 2020, according to a report by the Deloitte Center for Financial Services.

Overall, the U.S. and Europe have the greatest concentrations of wealth than any other region, although emerging markets are narrowing the gap.

China will lead the way in millionaire growth, the report said, followed by Brazil and Russia...

Full article:
http://finance.yahoo.com/news/Number-of-millionaires-is-cnnm-1362980368.html?x=0