Originally Posted by
regaleagle
The most recent number I've seen for millionaires in the US(net worth) is about 9.6 million.....as of 2013. That number could have gone down some, but still a substantial amount, which does NOT include yours truly, haha. How much of that net worth is liquid to be converted to at least some pm's is not known, but I'm sure much, much of it is accounted for in current real estate bubble values. Take that away, or diminish it with a crash, and suddenly that number greatly reduces. Some are "unhooking" from their high-value properties right now and downsizing, taking the cash difference and living more sedentary lifestyles, or just getting out of dodge altogether.