Millionaires decline in Oregon, U.S. – Portland Business Journal:

Millionaires decline in Oregon, U.S. – Portland Business Journal:.

Oregon boasts 61,621 households with a net worth of more than $1 million, the 25th-most in the country.

About 4.12 percent of the state’s 1.495 million households have net worths of $1 million or more, Phoenix Marketing International researchers found. The top five states are Hawaii, Maryland, New Jersey, Connecticut and Virginia.

In Oregon, as in the rest of the country, the number of millionaires is declining.

In 2007, 4.88 percent of state households reported net worths of $1 million or more. That dropped to 4.5 percent last year.

David Thompson, managing director of the Phoenix Affluent Market group, said in a prepared statement: “Overall, the market downturn has taken its toll on the ranks of millionaires in most states.”

Phoenix Marketing, based in Rhinebeck, N.Y., reports a 14 percent decline in the number of U.S. millionaires over the last two years.

The bottom three slots this year go to West Virginia, Arkansas and Mississippi. In the last-place state, Mississippi, 3.06 percent of households have net worths of $1 million or more.

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