This is Democratic Party strong suit. They should not overlook this demographic.
Health care is a big issue for them.
The brief’s key findings are: (click here)
- With concerns about affordability front and center, the burden of out-of-pocket health spending relative to income is a key measure of retirement well-being.
- Even with Medicare coverage and ignoring long-term care, retirees face sizable costs for premiums, copays, and uncovered services.
- After subtracting these costs, the typical retiree has only 71 percent of Social Security and 88 percent of total income left.
- This burden was fairly steady during the period analyzed – 2018 to 2022 – but many retirees may be worried that it could grow in the future.
The most important fact in this entire survey is the average age of millionaires in the USA and how quickly they are occurring in recent years. They are Baby Boomers in their final years of retirement. No wonder the average home buyer is in their late 50s. They are preparing to retire for the rest of their lives. Is that the American Dream? Americans literally have are retiring into the wealthiest part of life in the USA. Or at least the ones that achieve it.
No wonder the global share is 41 percent. The USA has a higher population than the rest of the Free World. It also has more land in private ownership. These self made millionaires obtained the status because they played the real estate market in their years before retirement. The fact that more than three quarters are college educated is even more interesting considering Trump's Education Secretary is attempting to shut down higher education facilities.
Interesting Facts About Millionaires in the US 2026
| Millionaire Fact Category | Data Point | Percentage/Figure |
|---|---|---|
| Total Millionaires in the US 2026 | Number of individuals | 24 million |
| Global Share of Millionaires in the US 2026 | Percentage of worldwide total | 41% |
| Daily New Millionaires in the US 2026 | Individuals per day | Over 1,000 |
| Self-Made Millionaires in the US 2026 | Built wealth independently | 88% |
| College-Educated Millionaires in the US 2026 | Hold bachelor’s degree or higher | 84-88% |
| Public University Graduates in the US 2026 | Attended state schools | 62% |
| Millionaires Who Received Inheritance in the US 2026 | Inherited $1 million+ | Only 3% |
| Millionaires Living Below Means in the US 2026 | Practice frugal habits | 94% |
| Homeownership Among Millionaires in the US 2026 | Own their residence | 95% |
| Stock Market Investors in the US 2026 | Invest in equities | 47% |
| Average Age of Millionaires in the US 2026 | Median age achieved | 61 years |
| Millionaires Age 60-79 in the US 2026 | Primary age demographic | 66% |
| Female Millionaires in the US 2026 | Women as percentage | 33% |
| New Millionaires Added in 2024 | Annual increase | 562,000 |
| Ultra-High-Net-Worth Individuals in the US 2026 | $30 million+ net |
