U.S. Added 440,000 New Millionaires in 2025

A wealth management firm reported that the U.S. added about 440,000 new millionaires in 2025, or roughly 1,200 per day. The same report stated that the U.S. accounted for nearly half of all new millionaires created worldwide that year. Global personal wealth rose 10.8 percent during the period, with more than half of the increase occurring in the U.S. and mainland China combined.

Data from the Federal Reserve showed the top one percent of U.S. households held 31.6 percent of total wealth in the first quarter, while the bottom 50 percent held 2.5 percent.

Inflation rose more than four percent in May compared with the prior year, the highest annual increase since 2023. Food prices increased 3.1 percent and energy costs rose 23.5 percent over the same twelve months, according to the Consumer Price Index.

A financial research firm economist stated that household wealth remains highly concentrated and is becoming steadily more concentrated. An Economist/YouGov poll conducted in January found that 52 percent of Americans view the gap between rich and poor as a very big problem and 28 percent view it as a somewhat big problem.