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Decline? US Will Add Five Million Millionaires By 2017 — Wealthy getting wealthier

Tuesday, October 16th, 2012

I really don’t think the Republican doom and gloom talk holds credibility particularly when the U.S. is expected to add five million millionaires by 2017. 

What it comes down to is this:  Mitt Romney is out of touch with the ordinary American worker who basically wants to be hard on Sesame Street and easy on Wall Street.

It’s time for the middle class worker to garner attention.  If you are gonna give breaks to Wall Street, then don’t complain when breaks are given to the middle class.  Mitt Romney also wants to increase our war budget by $2.1 trillion dollars during a time we can’t afford to increase it.  It is better to keep American tax payer dollars invested in our Homeland.  Mitt Romney has it all backwards — and it is because he is simply out of touch.  The rich little boy wants one thing and one thing only:   POWER.

Romney with power and money would be like trusting a drunken sailor with a wad of cash at the liquor store.

Just in:

For all the talk of decline in America, here is a stat worth noting: America is expected to add five million millionaires over the next five years.

According to Credit Suisse, the United States is expected to have 16.9 million millionaires by 2017. (Millionaires are defined as those with total assets minus debts of more than $1 million). That would mark a 53 percent increase from America’s 11 million millionaires today.

Credit Suisse says North America has 40,000 residents worth $50 million or more.

The growth means that the United States will still tower over the rest of the world when it comes to manufacturing millionaires. Even if China and Asia grow at the expected 70 percent over the same period, the region will still have 50 percent fewer millionaires than the United States.

Globally, there are expected to be more than 46 million millionaires around the world in 2017 – an increase of more than 18 million.

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