Reported 8 days ago
Despite widespread assumptions fueled by social media, only about 12% of U.S. households have a net worth of $1 million or more, with many struggling financially. Wealth is highly concentrated, and while the average household net worth is over $1 million, the median is much lower at approximately $192,700. This indicates that while certain demographics, like older Americans and those in specific states like New Jersey, may have assets, many still face financial challenges. Achieving a millionaire status requires consistent saving and investment.
Source: YAHOO