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If you’ve dreamed of becoming a millionaire, you’re not alone.
To many, hitting this financial milestone signals you’ve “made it.” With assets valued at seven figures, you can wave goodbye to many of the financial stressors that nagged at you when you had less.
However, withinflationeroding the value of the dollar with each passing year, being a millionaire doesn’t mean what it used to.
As a result, there are more millionaires today than there used to be, and becoming one might be more within your reach.
Read on to learn more about how many millionaires there are in the U.S.
today and ways you can grow your net worth to become a millionaire too.
The term “millionaire” can have a range of different meanings depending on who you ask.
Some people may define a millionaire as someone who earns a seven-figure income each year.
But the most widely accepted definition is someone with anet worthof at least $1 million.
That said, within the world of millionaires, there’s an incredibly broad range of wealth.
For instance, having a net worth of $1 million may not even beenough to retire, depending on how much you spend each year.
| Product | Price | Change |
|---|---|---|
| Brent Crude | $102.14/bbl | ▲ +0.34% |
| WTI Crude | $96.90/bbl | ▲ +0.21% |
| EN590 Diesel | $846/MT | ▲ +0.18% |
| Jet Fuel A-1 | $1090/MT | ▲ +0.55% |
| Mazut M100 | $450/MT | ▼ -0.15% |
| Bitumen 60/70 | $470/MT | ▲ +0.08% |
| Sulphur Gran 99.5% | $470/MT | ▼ -0.44% |
| Urea 46% Gran | $650/MT | ▲ +1.12% |
| NPK 16-16-16 | $460/MT | ▼ -0.28% |
| Nat Gas TTF | $15.42/MMBtu | ▲ +0.92% |
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