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Portfolio > Alternative Investments > Real Estate

Survey: Number Of U.S. Millionaire Households Rebounds

By Staff Writer

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NU Online News Service, Sept. 30, 2003, 12:524 p.m. EDT – The number of U.S. households with more than $1 million in investable assets has increased to 3.8 million, up from 3.3 million in mid-2002 and up from 3.7 million in mid-2001, according to survey results released by NFO North America, Northwood, Ohio.

The number of U.S. households with more than $500,000 in net worth, excluding the value of primary residences, has increased to 10.5 million, from 9.1 million.

NFO bases the survey results on responses from 3,300 affluent households to a traditional paper survey.

In other results:

- Half of the participating millionaires predicted that stock prices will rise over the next six months, but only 35% expect their own household finances to improve.

- The proportion of participants’ personal assets invested in real estate other than the participants’ own homes has increased to 19%, from 10%.

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