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Think $1 million makes you rich? Here’s what it takes to join America’s top 10%

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yesterday

Think $1 million makes you rich? Here’s what it takes to join America’s top 10%

Soaring stocks are creating new fortunes, but inflation and extraordinary gains among the ultra-rich are rapidly moving the goalposts for affluence.

[Source photos: Adobe Stock]

In America, the wealth gap is turning into a chasm. 

As the stock market and AI boom mint wave after wave of new millionaires, wealth is consolidating at the top more than ever. Across three quarters of last year, ultra-wealthy Americans in the top .1% and the super rich in the top 1% held onto their highest shares of wealth ever recorded.

Households in the top 1% increased their net worth by $1.8 million on average........

© Fast Company