"In a broad sense, we're seeing the worsening of a long-term situation," said E.J. McMahon, research director for the Empire Center for Public Policy, an Albany think tank.
Editorials from around New York →
But Empire Center President E.J. McMahon says Monday it's not unusual for households to have assets of more than a million, given current home values.
Advocates argue over higher estate tax limit in NY →