America’s middle class may be suffering from high gas prices and canceling plans to vacation in Hawaii, but the number of millionaires in the world is growing and they will continue their luxury travel and spending even during rough economic times.
The economies of the United States, the European Union, and Japan have slowed, but the Middle East, Latin America, India, and China are booming.
Most of the new millionaires are coming from India, China, Brazil and Russia and they have a big appetite for luxury goods and first class travel.