According to an annual survey done by research firm TNS, the number of households with more than one million dollars ($1m) in net worth (excluding primary residence) rose in 2005 for the third consecutive year. This increase is due to long-term wealth accumulation, not new wealth creation or real estate investments (while real estate continues to be an investment portfolio staple, it is not the sole cause of wealth).

With the increasing number of millionaire households, comes an increasing confidence as over three-quarters of high-net worth households feel they will be financially prepared for retirement,” said Jeanette Luhr, manager of the research study. “These millionaire households understand that calculated risks are still a necessity within their portfolio design, however, over 50 percent have become much more conservative in their investment approach over the past year.”

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