New Mexico’s millionaires have had their ups and downs the past five years, reports Phoenix Marketing International.
This year the number of New Mexico millionaires increased 9% to 31,145, says PMI’s annual millionaire report. With 4.1% of households reporting assets of more than $1 million, we ranked 34th nationally in the percentage of millionaire households. Since 2006, New Mexico’s highest rank has been 32nd in 2008. The number of millionaire households peaked at 34,610 in 2007.
Phoenix defines “a millionaire household as one with $1 million or more in investable or liquid assets (excluding sponsored retirement plans and real estate).” Phoenix (www.phoenixmi.com) is based in Rhinebeck, NY.