US EditionMillionaires 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.
- A surge in everyday millionaires has occurred across the US, with about one-tenth of American adults now millionaires as of June 2025.
- This rise results from inflation, rising home values, broad stock market participation, and increased wealth accumulation since 2000.
- Many new millionaires, like a 41-year-old woman who became wealthy this summer despite a significant pay cut, find the milestone less glamorous than imagined.
- UBS reported 23.8 million US millionaires last year, with 1,000 new millionaires added daily, while the richest 10% hold two-thirds of the wealth and the bottom 50% only 3%.
- The growth in millionaires suggests expanding wealth but also highlights widening economic inequality and differing experiences among demographic groups and individuals.
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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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