The U.S. Added 1,200 New Millionaires a Day Last Year
The United States added 1,200 new millionaires per day last year, according to a report. The surge in wealth was driven by strong stock market performance and rising home values.
Background
The article reports on a surge in U.S. millionaire creation, citing data from the 2025 Global Wealth Report by UBS (the Swiss bank). Key context: This reflects a post-pandemic wealth boom driven by rising stock markets (especially tech), home-price appreciation, and crypto gains. "New millionaires" here means individuals with investable assets over $1 million (excluding primary residence). The U.S. now has roughly 22 million millionaires — about 40% of the global total. Critics note that inflation erodes the real purchasing power of that $1 million threshold, and that wealth inequality remains extreme: the top 1% hold more wealth than the bottom 90% combined.