> At the moment, something like 1 out of 25 households falls into the millionaire category, most of it self-made. 4% of households is off the mark. It's presen

> At the moment, something like 1 out of 25 households falls into the millionaire category, most of it self-made. 4% of households is off the mark. It's presently closer to 7%-10% depending on the source [1]. 8% of American adults (~19-20 million people) are millionaires [2]. It's not what it used to be, given the median sale price of a home is now around $350,000. Demographically the mean white household in the US is now approximately a millionaire household. About 9-12 million households out of 128 million have a million dollars in net assets, including primary residence. The number of millionaires in the US has soared in the past 4-5 years with the asset price boom in housing and the stock market. For example back in 2016 [3]: > As of the end of 2016, there were a record 10.8 million millionaires nationwide, according to a new study from Spectrem Group’s Market Insights Report 2017. That’s more than ever before and marks a 400,000 person increase from the previous year. ... In 2016, there were 9.4 million individuals with net worth between $1 million and $5 million, 1.3 million individuals with net worth between $5 million and $25 million, and 156,000 households with more than $25 million in net worth, the report says. The US has been adding a huge number of millionaires per year (temporary or not) as the asset bubbles have been making new highs by the year. [1] https://www.kiplinger.com/slideshow/investing/t006-s001-millionaires-america-all-50-states-ranked/index.html https://www.kiplinger.com/slideshow/investing/t006-s001-mill... [2] https://www.cnbc.com/2021/02/09/more-than-8-percent-of-american-adults-are-millionaires-heres-how-they-got-wealthy.html https://www.cnbc.com/2021/02/09/more-than-8-percent-of-ameri... [3] https://www.cnbc.com/2017/03/24/a-record-number-of-americans-are-now-millionaires-new-study-shows.html https://www.cnbc.com/2017/03/24/a-record-number-of-americans...