"Million-Dollar Wealth Illusion"

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millionaire households

Benzinga

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How many Americans have a net worth of $1 million or more? Here's what you need to know

Summary

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60% Informative

Social media tends to amplify what looks like wealth, leading to widespread perception that everyone's swimming in money.

While the average U.S. household net worth is $1.06 million , the median is $ 192,700 .

New Jersey has the highest rate of millionaire households about 9.76% of homes there have a net worth over $1 million .

The average 401(k) balance for Americans aged 65 and older is $ 272,588 .

Up Next: Transform your trading with Benzinga Edge's one -of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today 's competitive market. Get the latest stock analysis from Benzinga ? This article Can You Guess What Percent Of People Have $1 Million Saved? Spoiler Alert It's Far Lower Than Most Statistics Lead You To Believe originally appeared on Benzinga.com 2024 Benzinga.com . Benzinga does not provide investment advice. All rights reserved..

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Neutral language

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informal

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English

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not offensive

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not hateful