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| less than a minute read

Never mind the 1%, mini-millionaires are where wealth is growing fastest

Many people in the upper middle class are now millionaires thanks to college, savings, bull markets and timing.

"About 16 million American families—just over 12%—have wealth exceeding $1 million, up from 9.8 million families in 2019. Nearly eight million families are multimillionaires, i.e., their wealth exceeds $2 million, up from 4.7 million."