In the first quarter of 2024, almost two-thirds percent of the total wealth in the United States was owned by the top 10 percent of earners. In comparison, the lowest 50 percent of earners only owned 2.5 percent of the total wealth. Income inequality in the U.S. Despite the idea that the United States is a country where hard work and pulling yourself up by your bootstraps will inevitably lead to success, this is often not the case. In 2023, 7.4 percent of U.S. households had an annual income under 15,000 U.S. dollars. With such a small percentage of people in the United States owning such a vast majority of the country’s wealth, the gap between the rich and poor in America remains stark. The top one percent The United States follows closely behind China as the country with the most billionaires in the world. Elon Musk alone held around 219 billion U.S. dollars in 2022. Over the past 50 years, the CEO-to-worker compensation ratio has exploded, causing the gap between rich and poor to grow, with some economists theorizing that this gap is the largest it has been since right before the Great Depression.

In 2020, California had the highest number of millionaire households in the U.S., with **** million households having one million or more in investible assets. This is nearly double the ******* millionaire households in Texas, the state with the second-highest number.

This statistic presents the American states with highest ratio of millionaire households per capita in 2020. In that year, New Jersey had the highest ratio of millionaire households per capita in the country, with 9.76 percent of households holding over one million U.S. dollars in assets.

This statistic shows the number of millionaire households in the United States from 2006 to 2020. As 2020, the number households with a net worth of *********** U.S. dollars or more (excluding primary residence) stood at **** million, up from ** million in 2019.

In 2024, there were nearly 24 million people with a net worth of over one million U.S. dollars in the United States, which put the country on the top of the ranking. China was ranked second in that year, with more than six million individuals with wealth exceeding one million U.S. dollars. France followed in third with around three million millionaires.

Graph and download economic data for Net Worth Held by the Top 0.1% (99.9th to 100th Wealth Percentiles) (WFRBLTP1246) from Q3 1989 to Q1 2025 about net worth, wealth, percentile, Net, and USA.

In 2016, around **** percent of all White families in the United States had a net worth of *********** U.S. dollars or more. This compares to only *** percent of Black families.

As of 2019, ** percent of millionaires in the United States had a net worth of between *********** and ********************** U.S. dollars. On the other end of the scale, **** percent of millionaires had a net worth of over *** million U.S. dollars.

As of 2020, New Jersey had the highest concentration of millionaire households in the U.S., with **** percent of all households having *********** or more in investible assets. Mississippi had the lowest concentration, with **** percent of households being millionaires.

The statistic shows the number of millionaire households in the United States from 1997 to 2015, by net worth. In 1997, about *** million households had a net worth of * million U.S. dollars or more, excluding primary residence.

In 2020, the San Jose-Sunnyvale-Santa Clara metropolitan area in California had the highest share of millionaire households of any U.S. metropolitan area, with **** percent of all households having at least *** million U.S. dollars in investible assets.

The statistic shows the distribution of U.S. millionaires in 2013, by race and ethnicity. As of 2013, about ** percent of U.S. millionaires were White/Caucasian.

Additional information on racial income inequality

The issue of racial inequality in regards to income and wealth has been a problem through the entirety of the history of the United States. The statistic above demonstrates how the percentage of millionaires that identify as Black/African Americans is disproportionate to the share of the population overall. While the disproportionate number of millionaires demonstrates an undesirable degree of income inequality it is at the bottom of the wealth ladder within American society that the issue is most pressing. The overrepresentation of African Americans in contrast to the population in unemployment statistics are cause for concern on the part of the government and society as a whole. In 2014, nearly ** percent of surveyed families who placed themselves in the income bracket of under *** thousand dollars identified as black.

The percentage of non-white female business owners perhaps demonstrates that barriers to wealth exist but are diminished in unison. As barriers to wealth generation are removed for women, similar barriers are also being broken to allow for greater equality in the economic opportunities offered across the population of the United States. A central issue for policy makers is the time delay associated with policies aimed at reversing these inequalities. This was reflected in the 2015 Democratic and Republican presidential primary campaigns. Despite many major candidates discussing the issue none put forward meaningful proposals to address the problem. Even Senator Bernie Sanders who made addressing income inequality the cornerstone failed to separate the issue from income inequality generally. However, the global attention gained by movements such as ‘Black Lives Matter’ shows issues of racial inequality are prominent in the discourse of sections of the wider population if not forming a cornerstone of the political discourse in the United States.

This statistic presents the American states with lowest ratio of millionaire households per capita in 2019. In 2019, Mississippi had the lowest ratio of millionaire households per capita in the country, with only 4.18 percent of households holding over one million U.S. dollars in assets.

As of 2019, a plurality of millionaires in the United States, ** percent, owned only *** house. This compares to *** percent of millionaires who owned **** or more properties.

As of 2020, New Jersey had the highest share of households with a net worth of *********** or more U.S. dollars in the United States, followed by Maryland, Connecticut, Massachusetts, and Hawaii.

This statistic presents the distribution of assets of the millionaire investors in the United States in 2014. In that year, ** percent of the financial assets of the U.S. millionaire investors was held in their principal residences.

Iceland was the country with the highest rate of millionaires worldwide in 2022, with more than ***percent of the adult population owning assets worth more than one million U.S. dollars. Luxembourg followed behind with ** percent of the population being millionaires, with Switzerland in third.

In 2023, there were around 748 billionaires in the United States. This was a slight increase from the previous year's total of 704, and a significant increase from the 66 billionaires in 1990.

As of 2013, about ** percent of U.S. millionaires were Millennials, aged between 18 and 31.

As of December 2023, there were over ******* millionaires in India with a wealth of *********** US dollars or more. There were *** billionaires with a wealth of over *********** US dollars. There was an ** percent growth in millionaires from 2013 to 2023 in the country.