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Found this in today's Wall Street Journal in an article on what luxury goods makers are doing to target the "newly rich."

"The object of their obsession is younger than ever before. In 1999, a third of all American households with assets totaling $1 million or more were headed by someone between the ages of 18 and 39, according to the Affluent Survey conducted by Mendelsohn Media Research of New York. That percentage is up from 1990, when 28% of "millionaire households" fell into the 18-to-39 age bracket."

You got to wonder about that statistic that "1/3 of millionaire households are headed by an 18 to 39-year-old". See link:

http://www.geocities.com/WallStreet/8257/nwage.jpg

intercst
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You got to wonder about that statistic that "1/3 of millionaire households are headed by an 18 to 39-year-old". See link:
http://www.geocities.com/WallStreet/8257/nwage.jpg
intercst


The two sets of figures are compatible. Only 5% of those age 43 or so have $1M net worth, but that 5% may constitute more than 1/3 of all millionaires.

Kaell
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"The object of their obsession is younger than ever before. In 1999, a third of all
American households with assets totaling $1 million or more were headed by someone
between the ages of 18 and 39, according to the Affluent Survey conducted by
Mendelsohn Media Research of New York. That percentage is up from 1990, when 28%
of "millionaire households" fell into the 18-to-39 age bracket."

You got to wonder about that statistic that "1/3 of millionaire households are headed by an
18 to 39-year-old". See link:

http://www.geocities.com/WallStreet/8257/nwage.jpg


Not really. I'm looking forward to seeing the 2000 numbers. I suspect the income quartiles and income distribution has changed possibly dramatically as many young workers cashed in on the dot com options.
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