This article is not password protected because I got it off Yahoo! The part that I edited out contains the obligatory liberal media disclaimer telling us that despite the good news, economists don't think it will continue, and the obligatory liberal media disclaimer that despite the fact that the rich are doing better, the rest of us aren't:
"Economists question, though, whether the wealth boom will continue in 2005. Stock markets have swung wildly this year, and many are predicting slower growth -- and potentially even losses -- in hedge funds...."
Well.....considering what the dollar's worth today is being a millionaire really that incredible? I mean, I have family in CA whose little ranch-style houses cost more than 1 million, and they are not rich by a long-shot. Just saying. It's all about what the money will buy.
More a side-effect of inflation than anything. Unless measured against a consistent standard, "millionaire" is just an arbitrary - and moving downwards in terms of real wealth - threshold.