Thursday, March 30, 2006

The good news: Millions of Boomers have built High Net Worths on their own

Last year almost nine million U.S. households had a net worth of at least $1 million, excluding primary residence. The heads of most of those millionaire households were under 60. Who says Boomers can't hang onto money?

Saving and investment was the primary source of this household wealth. Only 19% reported having shared ownership of a business or professional partnership.

Two out of every five millionaire households don't yet have an investment advisor. Gentlemen and ladies, start your sales presentations!

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