How many people in America have net worth in excess of $1 million?

Question

Quizplus · Accepted Answer

According to a report by Credit Suisse, there were approximately 18.6 million millionaires in the world in 2019. Of those, about 40% (or 7.4 million) were located in North America. However, not all of these millionaires are in the United States. According to a report by Forbes, there were 400 billionaires in the United States in 2020. It is estimated that only about 5% of millionaires are billionaires. Therefore, we can estimate that there are likely around 500,000 individuals in America with a net worth of $1 million or more.

How Many People in America Have Net Worth in Excess