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States with the Most Millionaires

Phoenix Marketing International's annual list of states with the highest percentage of millionaires by population shows the number has decreased nationwide.

The study defines millionaire households as those with $1 million or more in investable or liquid assets (excluding sponsored retirement plans and real estate), and found that the number of millionaires in the US declined 14 percent since 2007. This year’s list shows that 5,139,385 American households — 4.46 percent of the total — were defined as millionaires.

So, where are millionaires the most prevalent? Click ahead to find out!

By Paul Toscano
Posted 23 July 2009

Source: Phoenix Marketing International