Monday, June 09, 2003
NY Post: Westport in Nations No. 1 Wealth Corridor
The New York Post takes note of this monthҒs American Demographics magazine and says it identifies the Stamford-Norwalk area of Connecticut, including Westport, as the epicenter of American wealth.Ӕ
In a story headlined Connecti-Cash,Ӕ the newspaper said a staggering 25 percentӔ of households in the Southwest Connecticut area rank among the nation’s upper crust” of richest families.
The Post quoted a survey by American Demographics magazine that it said shows that ӓone in four households in the Stamford-Norwalk area - home to embattled domestic diva Martha Stewart, actor Paul Newman and designer Tommy Hilfiger - have a net worth of at least $2 million and annual incomes over $200,000.
It said running a distant second to Stamford is Silicon Valley’s San Jose, Calif., where 12.9 percent of households meet the magzineԒs “upper crust” criteria.
The Post said the survey showed the Stamford-Norwalk areas 35,000 rich households ғare three times more likely to use Grey Poupon mustard than the average American, prefer Samuel Adams beer and are twice as likely to drive Jaguars, Volvos and BMWs, thumbing their noses at American-made cars.