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Wages Fall But Number of Millionaire Homes Soars

HeadlineMay 31, 2005

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.

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