In fact, the 50 states now host the greatest number of USD millionaires in the world—four times as many as China, and more than that of France, the U.K., Germany, Canada, Japan, and Australia combined.
This cohort held about $107 trillion in total wealth at the end of last year—more than four times the amount they owned at the turn of the millennium. In 2000, there were only 13.27 million everyday millionaires, but by the end of 2024, the group grew to 52 million people worldwide. Comparatively, millionaires with more than $5 million in assets hold about $119 trillion globally.
The American Dream seems to be a dying ideal for many U.S. citizens as housing costs go through the roof, groceries become unaffordable, and jobs are disrupted.
