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More Americans Reach Millionaire Status, Yet Inflation Dulls the Sense of Wealth

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Source: The Washington Post
More Americans Reach Millionaire Status, Yet Inflation Dulls the Sense of Wealth
Photo: The Washington Post
TL;DR Summary

The number of American millionaires has reached a record high (about 1 in 6 families), and average net worth tops $1 million per household, but rising costs and inflation erode real wealth and leave many millionaires feeling less affluent than the figures suggest.

Topics:business#economy#inflation#personal-finance#retirement-planning#united-states-nation#wealth
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