Once a symbol of luxury, a million-dollar net worth is now average in the U.S. — here’s how we got here
the staff of the Ridgewood blog
Ridgewood NJ, in the past, millionaires were revered — symbols of success, wealth, and sometimes, envy. Today? Not so much. According to the Federal Reserve, the average (mean) net worth of an American household has topped $1 million for the first time in history. With over 22 million millionaire households in the U.S., being a millionaire is no longer rare — it’s practically mainstream.
Continue reading The Explosive Rise of Millionaire Households in America