There are more millionaire households in 2004 than ever, and they have increased in number at a record rate year-over-year.

The latest research shows that the number of millionaires has increased 33% this past year to a total of 8.2 million U.S. households. Most of the people surveyed said that it was not real estate that put them over the top, like last year, but an investment strategy that kept them in the stock market even during the downturns of the past few years.

Published or updated November 16, 2004. If you enjoyed this article, subscribe to the RSS feed or receive daily emails. Follow @flexo on Twitter and visit our Facebook page for more updates.

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About the author

Luke Landes, also known as Flexo, is the founder of Consumerism Commentary. He has been blogging and writing for the internet since 1995 and has been building online communities since 1991. Find out more about him and follow Luke Landes on Twitter. View all articles by Luke Landes.

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