Around 23.8-24 million U.S. adults have a net worth of at least $1 million.
Yes, the statement that about 1 in 10 Americans are millionaires is largely accurate, with recent reports from UBS and AP News citing around 24 million U.S. adults with a net worth of $1 million or more, which is roughly 10% of the adult population, though it depends on definitions and the wealth is often tied up in homes, 401ks, and stocks, not just cash. This growth is driven by rising asset values and consistent investing, but also highlights wealth concentration, with many "millionaires" not living a life of luxury.
