Here's How Many Millionaires There Are in America
Many people dream of becoming a millionaire one day, and for a good chunk of the population, that dream is already a reality.
The Federal Reserve surveys American households every three years to catalog everything related to their finances and various demographic details. The most recent data come from the end of 2022, and the results may be surprising.
There are a growing number of millionaires in America, and that's not just due to inflation. Even after adjusting for inflation, the percentage of households with a net worth of at least seven figures (in 2022 dollars) zoomed higher from 2019 to 2022 after remaining relatively stable for the previous 18 years.
Source Fool.com
