The coming millionaire boom

There's difference between being a millionaire tomorrow and maintaining the purchasing power of a millionaire today. Those that understand the difference store their wealth in a constant currency such as gold, while those that don't just assume one or more of the following: (1) stronger economy, (2) it’s the way of things, and/or (3) we’re all getting richer.

Despite the Great Recession, which wiped out $15.5 trillion in household wealth in the United States alone, the number of millionaires in this country and abroad will grow rapidly over the next decade.

In the U.S., the total number of families with a net worth of over $1 million, including real estate, will double by 2020, according to a report by the Deloitte Center for Financial Services.

Source: money.cnn.com