The American dream is alive and health

The United States has received more than 1,000 new millionaires per day in 2024 – including weekends – because the proportion of Americans in the super club is 1.5 % swollen, according to. To new data From UBS Investment Bank.

In fact, the fifty states are now hosting the largest number of millions of dollars in the world – a quarter of a number of China, more than France, the United Kingdom, Germany, Canada, Japan and Australia combined.

While a lot of this bang can be attributed to the height Real estate Prices, United States General score stock market He was also the main money driver.

Ascending “Milliona Daily”

While people may imagine millionaires as defining jet, The elite wearing Prada Community personnel, and the UBS report points to an increasing number of “daily millionaires” who enter the barn – which are moved as people with assets between the ages of one million dollars and $ 5 million.

This group retained about $ 107 trillion in the total wealth at the end of last year – more than four times the amount they owned at the beginning of the millennium. In 2000, there were only 13.27 million million daily, but by the end of 2024, the group grew to 52 million people worldwide. Relatively, millionaires that number more than $ 5 million in assets carry about $ 119 trillion worldwide.

The largest driver for their wealth He was rising Real estate values-The report says that the long -term bullish trend that pulls new millionaires worldwide. However, Americans are somewhat different. While real estate and mortgages represent 30 % of its wealth, 19 % are concluded in insurance and pensions, and 37 % are linked to securities and other financial tools. Invest investment strategies in the United States, such as companies and joint shares, which led to the road to the largest group of millionaires to join the super club.

But if you are not part of the club yet, do not worry: The number is expected to increase only. A Transfer the great wealth It is expected that 83 trillion dollars will be immersed over the next twenty to 25 years, with $ 74 trillion in generations pass. As parents drop to their money to Gen X, Millennial and Gen Z Kids, new millions of millions will continue to give up at high rates of decades.

The American dream is still alive – at the top

The American dream appears to be perfect for many American citizens, as housing costs pass through the ceiling, grocery stores become incomplete, and jobs are disrupted.

The most important 20 % of the owners of the family in America – a clear amount of $ 4.3 million – was calculated for about 71 % of the total wealth of the United States at the end of 2024, according to. To data from Federal Reserve. Meanwhile, the lower half of the American families, which is about $ 60,000 of wealth, has only 2.5 % of the country’s wealth. For the vast majority of American citizens, joining the millionaire club is still a dream.

During the launch of the startup company or the following large AI company is unrealistic for many, ordinary Americans build their wealth through other channels. Insurance and pension plans – such as 401 (K) S – were a common way of steadily developing wealth, even if Not completely On board yet. Despite how Poor markets I looked recently, and it is known that stocks and other financial investments are Growth Very quickly, especially In foreign markets.

For those who hope to boast of the seven -numbers clear value by entering the world of home ownership, the real estate millionaire filled with Barbara Korkuran real estate He has a critical piece advice. It is easy for people to wander with mortgage rates, however shark The investor says it is outside the control of anyone, and it is best to jump.

“I would like to say, go out there … you need another point to get everyone out to the market, and what will happen is that you will pay more against the house,” said Korkuran in 2024. Interview with Bloomberg. “Wait to see what is happening with prices when interest rates drop to another percentage.”

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