Many are Millionaires, Far Fewer are Rich

By Spectrem Group's count, the number of U.S. millionaire households grew to 9.2 million last year, up slightly from 9 million the year before.

The number of households with at least $5 million also grew about 2%, reaching 1.6 million.

Now let's look at the rich, as Barron's does this week. (Sorry, you'll have to find the link yourself; your blogger can't justify the expense of an online subscription.)

Today's rich may be divided into three levels, Barron's says.

Beer and Pretzels Rich, $25 million - $50 million. This is now the minimum required to lead a really cushy life without working.

Jetset rich, $50 million - $500 million. A private jet is the first thing people get when reaching this level of rich, Barron's observes. With luck, there's also enough to acquire a pretty nice NYC abode to go along with the farm or vineyard and the place at the beach.

Megayacht rich, $500 million and up. This level of wealth starts to be work but also involves fun choices. "Trevor's playing in the Italian Open. Shall we hop over in the jet or take the yacht and make it a holiday?"

Hey, Barron's must be feeling sorry for all the non-rich millionaires. I was able to access the article here.