The numbers include home equity. There is a element of savings with that, but a significant portion is having bought in the right place at the right time.All these articles about how no one has money saved and then I read this.
Today the number of millionaire households is more than 24 million, or almost one in five U.S. households, according to a Bloomberg analysis of government survey data through 2023. Fully a third of those modern millionaires have been minted since 2017, as home values and the stock market surged.
https://www.fa-mag.com/news/america-is- ... erg%20News.
Also having one dollar in the Gilded Age is equivalent to having about $38 today.
So those millionaires of 130 years ago would need roughly $38 million to have the same purchasing power. Although they’d certainly be buying many different things.
Statistics: Posted by delamer — Sun Jan 11, 2026 9:36 am — Replies 83 — Views 9454