fewer millionaires

Merrill Lynch reports that the number of millionaires plunged by 15% in 2008. The value of millionaire's assets fell by 20% in 2008, following a 9.4% increase in 2007.Bloomberg reports that "The number of people in the ultra-high net worth category, those with more than $30 million to invest, not...

American millionaires aren't typically a subject of great sympathy, but in 2008, they had a really bad year. So bad in fact that 27% of them aren't millionaires anymore, according to a new report from the Spectrum Group.There are now just 6.7 million U.S. households worth more than $1 million, not...