Inflation, ballooning home values and a decades-long push into stock markets by average investors have lifted millions into millionairehood. A June report from Swiss bank UBS found about one-tenth of American adults are members of the seven-digit club, with 1,000 freshly minted millionaires added daily last year.
It’s not as exotic a status as it once was. About ten percent of America is composed of millionaires.
https://apnews.com/article/wealth-retirement-millionaire-stocks-homes-inflation-8bc8bf04552feac2625afd6752faa29e