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