What Is the Total Number of House of Representatives

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We're in the money, according to a new report that says the number of millionaires in the U.s.a. is higher than ever.

Credit Suisse'due south annual Global Wealth Report determined that ane.1 million Americans became new millionaires in 2017, bringing the full number of millionaires in the country to 15,356,000—roughly ane out of every 20 Americans.

America also leads the globe in terms of millionaires. Our 15.4 meg represent 43 per centum of the global millionaire population. We also lead the world in creating new millionaires. Germany and Commonwealth of australia were second and third in the number of new millionaires this year, with 237,000 and 202,000, respectively.

Credit Suisse attributes the prosperity to the rise in the stock marketplace: "Wealth per adult has now fully recovered [from financial crisis lows], and is xxx percent above the 2006 level," the banking company says. "There is some uncertainty about future interest rates and stock market prospects, but otherwise the signs are more often than not positive for household wealth."

H/T: Money

Contributing Digital Editor Sam Dangremond is a Contributing Digital Editor at Town & State, where he covers men's fashion, cocktails, travel, and the social scene.

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Source: https://www.townandcountrymag.com/society/money-and-power/a13728650/millionaires-in-america/

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