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How many millionaires in the United States?


How many millionaires are there in the United States? I am talking financially , not counting real estate, I know the appreciation in real estate has created many millionaires in terms of assets but who are cash poor and in mortgage debt to their ears. I want to know how many have a million in investments and bank accounts. Thanks

It's between 7.5- 8.9 million depending on what website you go to.

According to CNN Money, 8.2 million households in the US alone had a net worth exceeding one million dollars. Millionaire households thus constituted roughly seven percent of all American households. The study also found that half of all millionaire households in the US were headed by retirees. Another finding was a record "33 percent increase over the 6.2 million households that met that criteria in 2003," fueled largely by the country's real estate boom.[3]

If, however, only financial assets are to be counted in determining a person's wealth, EXCLUDING REAL ESTATE equity and other fixed assets, then the number of millionaires in North America drops dramatically. A report by Merrill Lynch stated that if only direct financial assets are counted, there are approximately 2.5 million millionaire households in North America, versus 8.2 million in the US alone if all net worth is counted.

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