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Millionaires multiply across the US, but most find it’s not all mansions and champagne
UNITED STATES, JUL 29 – About 10% of American adults are millionaires, but many say the status no longer guarantees wealth or luxury due to inflation and changing economic factors, UBS data shows.
- About one-tenth of American adults are millionaires, with 1,000 new millionaires added daily last year, according to a June report from Swiss bank UBS.
- The richest 10% of Americans hold two-thirds of the country's wealth, averaging $8.1 million, as reported by the Federal Reserve.
- Asian individuals have a higher median wealth compared to white individuals in the U.S., while Black and Hispanic individuals have lower net worths.
- Carow mentioned that the 'dream of becoming a millionaire has become more obtainable,' though Breck pointed out it's 'not a golden ticket like it was in the past.
86 Articles
86 Articles
Millionaires multiply across U.S., but most find it’s not all mansions, champagne
The number of millionaires in the United States is soaring. A report from Swiss bank UBS finds about 1 in 10 American adults now has a net worth of at least $1 million, with 1,000 new millionaires added every day…
Meet the 40-something self-made 'everyday millionaires' who say they still don't feel rich
As a child, Heidi Barley watched her family pay for groceries with food stamps. As a college student, she dropped out because she couldn’t afford tuition. In her twenties, already scraping by, she was forced to take a pay cut that shrunk her salary to just $34,000 a year. But this summer, the 41-year-old hit a milestone that long felt out of reach: She became a millionaire. A surging number of everyday Americans now boast a seven-figure net wort…
Millionaires multiply across the U.S., but most find it’s not all mansions and champagne (Business)
As a child, Heidi Barley watched her family pay for groceries with food stamps. As a college student, she dropped out because she couldn't afford tuition. In her twenties, already scraping by, she was forced to take a pay cut that shrunk her salary to just $34,000 a year. But this summer, the 41-yea...
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A rising number of people qualify as millionaires, but don’t live like it
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