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[quote=Anonymous]This thread makes me think of this article from WSJ: [url]https://www.wsj.com/us-news/never-mind-the-1-mini-millionaires-are-where-wealth-is-growing-fastest-b1dd2ee7?st=a56rncgwudym06o&reflink=desktopwebshare_permalink[/url]

Some highlights:

- About 16 million American families—just over 12%—have wealth exceeding $1 million, up from 9.8 million families in 2019. Nearly eight million families are multimillionaires, i.e., their wealth exceeds $2 million, up from 4.7 million.

- Who are these mini-millionaires? They generally earn between $150,000 and $250,000 a year. They wouldn’t typically be considered rich, but upper middle class. (This depends to some extent on where they live: The same house is worth more in some parts of the country.)

- ...only 1% of families under 35 are millionaires, but that rises with age. By ages 55-64, 21% of families are millionaires.

This trend is particularly pronounced among college graduates, of whom 45% were millionaires between ages 55-64. That includes 26% of families who become multimillionaires and 11% with a net worth over $5 million. The average college graduate’s net worth is over $2 million now, though as usual this is skewed by those at the very top.

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