The rich feel the pinch

Times are tough all over.

Struggling to make the car payment? Wondering where the next rent/mortgage payment is coming from?

You’ll be happy to know we’re not the only ones suffering in this economic downturn.

Turns out the seven-figure crowd is feeling the pinch as well.

A study by Phoenix Marketing International shows that the millionaire’s club in Pennsylvania, New Jersey and Delaware has declined.

In Pennsylvania, there are 211,162 households worth more than $1 million this year. That amounts to 4.3 percent of all households. That puts us in 24th place when it comes to fatcats, down from our perch in the 21st spot last year.

The numbers are down in both New Jersey and Delaware, too.

New Jersey fares better. They have fewer households worth a million (197,694), but it represents a bigger percentage of their population
(6.22 percent). That puts them third in the nation.

Delaware ranks 11th, with 16,763 households topping the million mark.
That’s 4.93 percent.

Guess I better keep buying those lottery tickets.

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