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Mar. 11 2010 - 4:29 pm | 43 views | 0 recommendations | 0 comments

Millionaires fight back!

Future Millionaire on Board (Update)

All of you recession negative Nellies should just quit your bellyaching now, because … guess what?

According to the L.A. Times, our millionaire count is on the rise again! This after the “poor” folks’ ranks dropped 27% in 2008, what with the economy being all icky and such. The number of millionaires in the U.S. is now up 16% from those desperate times, according to a national survey by the Spectrem Group.

Either this bodes well, or very, very badly, for the masses of us who are still working day and night jobs to break even and remembering our 2007 salaries (like, an actual salary?!) with equal measures of nostalgia and disbelief.

“Households with net worth of $1 million or more—not including their primary home—grew to 7.8 million in 2009,” according to the report.

If they had me at “not including their primary home,” Patti Stanger must be ecstatic.


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    About Me

    Once upon a time I was the managing editor at an irreverent and scrappy magazine called Radar. My claim to fame there included quenching a near deadly wastebasket fire, always ordering enough pizzas for the whole team, and making sure the copy was clean and sparkling.

    Before that, I got around as a freelancer, working for such varied companies as Reader's Digest, Rodale, McKinsey & Company, and US News & World Report, in roles that included writing, editing, researching, and "making the trains run on time."

    When Radar folded at the end of October 2008, I found myself at OK! magazine, a tabloid weekly famous for spending a lot of money on Jamie Lynn Spears' baby photos and having the greatest staff turnover since the Titanic. (I became a casualty of the May '09 round of layoffs, but lived to blog about the tale.)

    I'm now back in the freelance arena, plying my trade—and 10 years of experience—to the highest (or lowest. Or any) bidder, making do with a little less day-by-day, and wondering how this great publishing apocalypse is going to shake out in the end.

    My bet is on content.

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