Story perspectives
US Millionaire Households Surge, But Cash Access Dwindles
10/11/2025
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Story summary
- The United States surpassed 24 million households with at least $1 million in net worth, up 33% since 2017.
- Despite growth, only 17% of households with $1 million to $2 million have liquid assets.
- Most wealth sits in home equity and retirement accounts rather than cash.
- Baby Boomers account for 11.5 million millionaire households.
- Rising interest rates limit cash access for "paper millionaires."
