‘Dollar’ millionaires hit record high in Sweden
Published: 23 Jun 11 14:03 CET | Print version
Online: http://www.thelocal.se/34536/20110623/
The number of Swedish “dollar” millionaires reached a staggering 60,900 last year, signifying an increase in Sweden by 26 percent, according to the annual World Wealth Report, carried out by companies Cap Gemini and Merrill Lynch.
- Sweden home to more than 48,000 millionaires (22 Jun 10)
- Swedes get wealthier in 2010 (21 Jun 10)
- Stockholm swells with millionaire men (21 Jan 10)
At the top of the list is Hong Kong, followed by Vietnam and Poland. In Sweden the growth is explained to be due to positive market developments, the increase in the country’s GNP, and an increase in public saving.
The number of dollar millionaires is at a record high worldwide, according to the report, which listed 10.9 million people globally boasting wealth worth more than one million US dollars.
The last record was from 2007 when the figure was 10.1 million.
According to the report, the US, Japan and Germany are still home to the highest number of wealthy people.
Although women and younger people are making great strides among the rich, 73 percent of the world’s dollar millionaires (83 percent in Europe) are still men.
The majority is between 46 and 65 years of age.
To be called a dollar millionaire a person has to own the equivalent of a million dollar in investable funds, excluding the value of property and collectibles.
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Then afterwards you find the same people who regard the rich as evil are themselves swimming in money and living the wealthy lifestyle they supposedly despise. I absolutley hate HYPOCRITES! They are the leeches of life. It's as if they see more rich people as competition and degrades their own status within Sweden.
"Is n't this because the dollar is headed down the toilet owing to the credit crunch caused by the bizaare lending policies and slack regulation in the early 2000s?"
According to the U.S. Treasury, the federal debt increased by $3,646,116,554,704.36 between Jan. 20, 2009, when Obama was inaugurated, and April 13, 2011
"Hi. I'm Barack Obama, and the buck does NOT stop here! It's all Bush's fault! And Fox's fault! And Sarah Palin's fault. Anyone but me!"
"At the top of the list is Hong Kong, followed by Vietnam and Poland. "
"According to the report, the US, Japan and Germany are still home to the highest number of wealthy people."
So, US, Japan, Germany, Hong Kong, Vietnam, and Poland are above Sweden....? But Sweden is 5th? Bad wording or bad math. :)
Who? Well the ones that are not whiny little egoistic children maybe?
As such, this state of affairs indicates not more upward mobility in general, but more privilege for the already privileged.