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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