Over 24 Million U.S. Households Classified as Millionaires
New data shows nearly one in five American households have net worths exceeding $1 million, highlighting growing wealth concentration across the country.
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Terms & Concepts
Net Worth: The total value of an individual's or household's assets minus all liabilities, used to measure overall financial status.
Millionaire Household: A household whose combined net worth equals or exceeds one million U.S. dollars.
Wealth Distribution: An economic measure showing how assets are spread among individuals or groups within a society.