Millionaires surge in Md., Va.

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Nearly seven Maryland households in every 100 and six of every 100 Virginia households have liquid assets of more than a million dollars as the rising market for stocks and bonds has restored lost wealth.

The number of millionaire households in each state grew by roughly 8.5 percent — outperforming the 8 percent national average — from June 2009 to June 2010, according to a survey by independent research firm, Phoenix Marketing International. The rankings are based on assets like stocks, bonds and cash, and don’t include equity in homes or other real estate, or 401K retirement accounts or pensions.

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