New studies show that the number of households in the country with a net worth of one million dollars rose by about 20 percent last year. There are now 7.5 million so-called millionaire households in the country. Meanwhile the Economic Policy Institute is reporting that real wages for non-management employees are falling at their fastest rate in 14 years. The last time salaries fell this steeply was at the start of 1991.
Wages Fall But Number of Millionaire Homes Soars
HeadlineMay 31, 2005