U.S. Experiences A Drop In Millionaires

Jun 1, 2012
Originally published on June 7, 2012 1:24 pm
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OK, let's turn now to personal wealth. Today's last word in business is disappearing millions.

The number of millionaire households in this country declined in 2011. That's according to this year's Global Wealth Study from the Boston Consulting Group. It found the number of American households with a million dollars of investable assets shrunk by 2.5 percent.

The U.S. still leads the world in millionaires, but developing countries are gaining ground. Other countries added nearly 200,000 millionaire households in 2011.

From NPR News, this is MORNING EDITION. Transcript provided by NPR, Copyright NPR.