When I first saw these numbers, I took a second look because at first I thought it was normal, when including the very expensive houses that the millionaires were living in. However, further reading revealed that this did NOT include home equity!

Continued...

Nationwide, households with a net worth of at least $1 million excluding primary residences rose 8 percent to a record high 8.9 million, according to an annual report by TNS Financial Services, a market research and polling firm.

The firm's survey found that the millionaire households had an average net worth, excluding principal residence, of nearly $2.2 million, of which more than $1.4 million was in liquid, or investable, assets.

Their overall debt levels, meanwhile, fell by 8 percent, from $179,000 to $165,000.

Who's heading these households? TNS found the median age of the head of millionaire households is 58, and 45 percent are retired. Roughly 19 percent own in whole or part a professional practice or privately held business.

I'll comment more about wealth and wealth building as the steps continue to grow! Carpe Diem, Sam.

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