1,000 millionaires a day: US added 379k people in 2024; 40% of the world’s total

More than 379,000 people in the United States became a millionaire of US $.1,000 every day – an average of over 1,000. According to the latest global money report of Swiss bank UBS, it made the US the country with the most new millionaires. The country now accounts for about 40% of the total millionaires of the world. The increase in money was primarily inspired by a strong stock market performance and a stable US dollar. The S&P 500 index increased by more than 23% last year, increasing the value of investment and assets. Worldwide, individual money increased by 4.6%, but the US saw a big jump of more than 11%. That rapid growth made the region out compared to Europe, Asia and other parts of the world.Global inequality Despite the increase in millionaires, most people around the world have very little money. According to the report, the total assets of more than 80% adults are less than $ 100,000. Only 1.6% of the global adult population costs $ 1 million or more. Greater China – including the mainland China, Hong Kong and Taiwan – had the highest number of people with net worth between $ 100,000 and $ 1 million. Western Europe and North America followed. The report also reported that “net worth” includes the value of all financial and real assets, such as property, minus to any loan. In the US, by the end of 2024, an adult average was about 312,000 dollars – which was less than the millionaire mark, showing that large money gains are limited to a small group. UBS hopes that individual property continues to grow in the coming years, leading to a continuous increase in parts of the US and Asia. By 2029, the bank estimates that more than 5 million people worldwide will join the rank of millionaires.