Only Managers Outnumber Educators in Millionaires Club


Wow! Who knew being an educator could be so lucrative?

Looking to join the millionaire’s club and wondering what it takes? Finding the right occupation is a good place to start. But some surprising occupations hold a greater chance of getting there than others.

According to a report released last week by the Spectrem Group’s Millionaire Corner, the number of millionaire households in the U.S. rose 2% last year to 8.2 million. And capturing the greatest number of millionaire households were ones that included a manager as a breadwinner.

But while managers are tops on the list, accounting for 17% of households with $1 million to $5 million in net assets excluding their primary residence, educators are close behind with 12% of the millionaire pie, according to the report.

That’s right — educators. (Read More)

Educators beat out senior corporate officers, business owners, accountants, sales people, lawyers, doctors and dentists. No wonder teachers and unions fight so hard against reformist governors like Scott Walker.

Update: Here’s video of the panel on Fox News discussing this, via Gateway Pundit. The Wall Street Journal also has a report, but I doubt you’ll hear much about this from anyone else in the media.

Update 2: If you have a half hour to kill, watch this Reason TV discussion on public workers.