According to an analysis of Census Bureau survey data, more than 24 million U.S. households — or one in five — reported having at least $1 million worth of assets in 2023. About one-third of those households crossed that threshold after 2017, as home values and the stock market soared. For households with assets totaling $1 million to $2 million, much of that wealth is locked up in primary residences and retirement accounts. Meanwhile, high interest rates have made it costly to borrow against liquid assets like real estate when cash is needed for large expenses.

Source: Bloomberg, October 9, 2025 (analysis of U.S. Census Bureau SIPP)

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Prepared by Broadridge Advisor Solutions. © 2026 Broadridge Financial Services, Inc.

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5/13/26