by Staff writer
A new study has found that in 2018, there were 11.8 million households in the United States with a net worth of more than $1 million!
This means that up to 3 percent of the US population are now millionaires — over 32 million people!
There are now more millionaires in America than the total populations of Greece or Portugal.
According to the Market Insights Report by the Chicago-based research firm Spectrem, about 250,000 Americans became millionaires just last year.
Also, 1.3 million well-off Americans were in the ultra-high-net-worth category — defined as having household assets excluding primary-home real estate of between $5 million and $25 million.
Some 173,000 households have a net worth above $25 million!
The odds of becoming a millionaire in America are 6.4% to 22.3%, according to data from the Federal Reserve Board’s Survey of Consumer Finances.
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A must read article!