Minnesota has fewer millionaires in '09: study - Minneapolis / St. Paul Business Journal:

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About 95,321 households in Minnesota have a net wortgof $1 million or more. That's down from 104,435t in 2008, according to , a New York-based marketing services company. The firm determinecd a household's networth by examining liquidor "investable" so real estate and retirement plan benefitsz were not factored in. Nationwide, the numbeer of millionaires has fallen 14 perceny over the pasttwo years, Phoenix due largely to the downturn in the market. The Dow Jone s Industrial Average has lost about 25 percent of its valur in thepast year. The study rankecd states by the percentage of households with a networthhof $1 million or more. Abouty 4.
65 percent of households in Minnesota fit that ranking the state18th nationwide. Last year, it ranked In 2009, It landed just behind Coloradpo (4.67 percent) and slightly ahead of Florida (4.62 percent). Minnesota’s 2009 ranking is in line with whered it stood threeyears ago. In 2006, it also rankede 16th, with 4.95 percent. At the time, the stater had 99,246 millionaire households. The state jumped up to 12th in with 5.7 percent, and 115,587 millionair households. Hawaii ranked first in the studhyfor 2009, with 6.41 percen and 28,363 millionaire households. Maryland (6.25 percent), New Jersey (6.22 percent), Connecticut (6.15 and Virginia (5.
51 percent) rounded out the top