begin quotes:
There are approximately
24 million millionaires in the U.S.,
a number that has grown significantly in recent years. This figure is
based on individuals with a net worth of at least $1 million, which
includes assets like home equity, retirement accounts, and investments. - Total Number: The number is around 24 million, or about one in five U.S. households, according to a recent analysis of 2023 data.
- Definition: This count typically includes the value of a primary residence, so many of these individuals are "house-rich" but may not have a large amount of liquid cash or investable assets.
- Growth: The number of U.S. millionaires has increased substantially, with some reports noting a doubling from 2020 to 2023 due to factors like rising home values and strong stock market performance.
- Global Context: The U.S. has the most millionaires of any country, accounting for about 41% of the world's total.
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