Another Obama Victory: America Lost 129,000 Millionaires in 2011

Posted by on May 31, 2012 at 1:15 pm

I’d say this has earned the famed pothead another four years. Unless 2011 still counts as Bush’s fault.

America’s millionaire population declined last year for the first time since the financial crisis, according to a new report.

The population of U.S. millionaire households (households with investible assets of $1 million or more) fell to 5,134,000 from 5,263,000 in 2011, according to The Boston Consulting Group’s Global Wealth study.

Total private wealth in North America fell by 0.9 percent, to $38 trillion.

The ultra-rich were the largest losers in dollar terms. Households in North America with investible assets of more than $100 million saw their wealth decline 2.4 percent. Their population declined slightly to 2,928 from 2,989.

Well, these evil untra-rich are the bad guys in Obamaworld, so the “99%” and Team Obama should be happy for a job well done.

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