I was reading an article this morning about Millionaires and was surprised to see that California has 662,735 people in this bracket. In the midst of California's financial crisis, the budget issues and no money for our schools it was amazing to see this number. Now that is all relative to numbers based on population, so California is actually 9th in the country but it is still a staggering number. When you look at the total population of California however it actually only works out to 5.28% of millionaire households so not as impressive. The median household income is $61,017. There is quite a gap in numbers. As they say money makes the world go round, hopefully we can get California back on track.
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