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> Unless there are more than 20 million millionaires, you're talking about the top 0.6 percent of the wealth distribution 6 percent
by pedrosorio 5y ago
> Unless there are more than 20 million millionaires, you're talking about the top 0.6 percent of the wealth distribution
6 percent
- adventured 5y agoYou're including non-adults (330m population @ 6%). It's closer to 8% of the adult US population. Not very many people under 18 are millionaires or reasonably likely to be. The non-adults in question fall under the millionaire household grouping. And if anyone is interested in the household wealth distribution (as of 1Q21): Top 1%: $41.5 trillion | 90%-99%: $48.8 trillion | 50-90%: $36.5 trillion | bottom 50%: $2.6 trillion $129.5 trillion total household assets. There are around 128 million households in the US. The average American household is now worth a million dollars (the median is obviously far lower). That top 1% of US households - 1.28 million households - holds an average of roughly $32 million in assets.