Key Takeaways
- The average age of a millionaire in the US is 61 years old, according to a 2023 Ramsey Solutions study.
- 79% of millionaires in the US did not receive any inheritance, per 2023 research.
- Only 31% of US millionaires averaged $100,000 a year over their career.
- Stocks represent 40% of the average US millionaire's portfolio in 2023.
- 67% of millionaires prefer individual stocks over mutual funds.
- Real estate makes up 25% of millionaire portfolios on average.
- As of 2023, the United States is home to 22.7 million millionaires, representing about 5.3% of its adult population.
- China had 6.2 million millionaires in 2023, a 4.2% increase from the previous year.
- The United Kingdom boasts 2.8 million millionaires as of mid-2023, accounting for 4.5% of adults.
- 33% of millionaires donate to charity annually, averaging 4% of income.
- US millionaires give $500 billion yearly to philanthropy.
- 70% of wealthy families have formal giving strategies.
- Self-made millionaires in the US have an average of 7 income streams.
- 80% of millionaires invested in their company's 401(k) plan early and consistently.
- The average millionaire invests 20% of their household income annually.
US millionaires typically build wealth through consistent investing, avoiding debt, and disciplined spending.
Demographics
Demographics Interpretation
Investment Habits
Investment Habits Interpretation
Number of Millionaires
Number of Millionaires Interpretation
Philanthropy and Spending
Philanthropy and Spending Interpretation
Wealth Accumulation
Wealth Accumulation Interpretation
How We Rate Confidence
Every statistic is queried across four AI models (ChatGPT, Claude, Gemini, Perplexity). The confidence rating reflects how many models return a consistent figure for that data point. Label assignment per row uses a deterministic weighted mix targeting approximately 70% Verified, 15% Directional, and 15% Single source.
Only one AI model returns this statistic from its training data. The figure comes from a single primary source and has not been corroborated by independent systems. Use with caution; cross-reference before citing.
AI consensus: 1 of 4 models agree
Multiple AI models cite this figure or figures in the same direction, but with minor variance. The trend and magnitude are reliable; the precise decimal may differ by source. Suitable for directional analysis.
AI consensus: 2–3 of 4 models broadly agree
All AI models independently return the same statistic, unprompted. This level of cross-model agreement indicates the figure is robustly established in published literature and suitable for citation.
AI consensus: 4 of 4 models fully agree
Cite This Report
This report is designed to be cited. We maintain stable URLs and versioned verification dates. Copy the format appropriate for your publication below.
Elif Demirci. (2026, February 13). Millionaire Statistics. Gitnux. https://gitnux.org/millionaire-statistics
Elif Demirci. "Millionaire Statistics." Gitnux, 13 Feb 2026, https://gitnux.org/millionaire-statistics.
Elif Demirci. 2026. "Millionaire Statistics." Gitnux. https://gitnux.org/millionaire-statistics.
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