UBS's Global Wealth Report 2026 says the U.S. added more than 440,000 millionaires in 2025, about 1,200 a day, bringing the total to more than 23.6 million people with at least $1 million in net worth, nearly half of all new millionaires worldwide. The article notes that averages can mislead: average wealth per adult is $696,277, while median wealth is just under $69,000 and has fallen almost 20% since 2020 after inflation. Financial assets make up nearly 79% of U.S. gross wealth, and the Federal Reserve reported that household and nonprofit net worth rose $12.8 trillion in the second quarter to $195.9 trillion. A large share of that money flows through index funds and ETFs: BlackRock reported $205 billion in net inflows in the third quarter, and Fidelity counted a record 769,000 401(k) millionaires in the second quarter of 2026, up from 595,000 a year earlier.
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