We’re all millionaires now

From Mansion Global:

Rising Home Prices Are Creating More ‘Everyday Millionaires’

More than 1,000 Americans a day became millionaires last year, according to a report from UBS released on Wednesday. 

The number of worldwide millionaires, measured in U.S. dollars, rose 1.2% last year, with the U.S. adding more than 379,000 new millionaires. Globally, more than 684,000 people became millionaires last year. 

This rise in wealth—which is up 4.6% globally, following 2023’s bump of 4.2%—is in part because of an increase in the “everyday millionaire,” which UBS defines as someone with investible assets between $1 million and $5 million. At the end of last year, there were 52 million everyday millionaires, more than quadruple the amount that existed in 2000. This demographic accounts for about $107 trillion in wealth—nearly as much as those with more than $5 million in assets, who have a total wealth of $119 trillion. 

The growth of real estate values is playing the largest factor in the rise of everyday millionaires, UBS found. Exchange rates are also a major component of everyday millionaires’ wealth, and the sudden devaluation of another currency against the U.S. dollar could quickly diminish the number of everyday millionaires overseas, according to UBS. 

North American adults, who saw their wealth increase by more than 11%, were the wealthiest on average last year at $593,347, followed by Oceania ($496,696) and Western Europe ($287,688). By country, however, Switzerland was No. 1 in average wealth per adult at $687,166. The U.S. was second with an average wealth of $620,654, followed by Hong Kong at $601,195.

This entry was posted in Demographics, Economics, Housing Bubble, National Real Estate. Bookmark the permalink.

65 Responses to We’re all millionaires now

  1. Hold my beer says:

    First

  2. Dark Phoenix says:

    First

  3. No One says:

    Lots of millionaires thanks to overpriced houses, decades of inflation. As predicted by Dan Ackroyd.
    https://youtu.be/ABvu0qZ2B6Q?si=1Pojiy0g4ql4kLiW

  4. grim says:

    That’s awesome

  5. grim says:

    Lol, people are gaming the pizza index by randomly sending pizzas to politicians.

    But the politicians think they are being “targeted”.

    Why is the media so stupid.

  6. VSG says:

    Tucker: It’s interesting you are trying to derail my questions by calling me an anti-Semite—which you are.

    Cruz: I did not.

    Tucker: And rather than being honorable enough to say it right to my face, you are, in a sleazy, feline way, implying it.

  7. grim says:

    Fun watching the Republican Party completely falling apart.

  8. Very Stable Genius says:

    Remember that we had peace and prosperity.

    But you wanted chaos and destruction.

    BRT says:
    June 18, 2025 at 12:28 pm

    I’m out of the market for now. Too much political/geopolitical risk for my appetite.

  9. White Trash Eddie says:

    The $million dollar Elmwood Park cape has arrived. The leisure and hospitality industry thanks you. Spend your house equity recklessly. Big hat, no cattle is the only way to go. Wealthy appearances matter. I have my ‘WAM’ lawn sign proudly displayed.

  10. Juice Box says:

    re: “we had peace and prosperity?”

    Russia/Ukraine war and the Israel/Iran wars started under Biden.

    I have receipts. You have delusions.

  11. Dark Phoenix says:

    Seeds for this war were planted decades ago. All the way back to Ronnie Reagan.

    And Biden. That wasn’t a President. It was a nursing home dementia patient that, if hospitaized, wouldn’t pass the AAOx3 test.

    Juice Box says:
    June 19, 2025 at 8:54 am
    re: “we had peace and prosperity?”

    Russia/Ukraine war and the Israel/Iran wars started under Biden.

    I have receipts. You have delusions.

  12. Dark Phoenix says:

    “feline way”

    I can use that at work today. Ty.

  13. RentL0rd says:

    8:27, The republican party has fallen a while back. There’s only the MAGA party. And considering that Trump’s loyalty *among his voters* according to a recent poll is at 78% approval rating for his support on Israel’s war on Iran, there is no hope for sanity any time soon.

  14. RentL0rd says:

    At a more local level, have you been following the Cranbury town vs this farm owner? And POTUS has jumped in – as always on the wrong side:

    https://www.nj.com/news/2025/06/trump-administration-joins-bitter-fight-to-block-nj-town-from-seizing-175-year-old-family-farm.html

    Tl;dr – 2 guys inherited a farm from their parents, left NJ and live in New Mexico. They have one low paid guy taking care of the land. They never converted the farm to designated farm land, because they wanted the best of both worlds – so they could sell in the future without restrictions. Now that the town needs it for affordable housing they are crying wolf.

  15. RentL0rd says:

    >> Russia/Ukraine war and the Israel/Iran wars started under Biden.

    You may be confusing Gaza with Iran. Wrong receipts. Return denied.

  16. Juice Box says:

    Gaza? Iran and Israel direct confrontations no proxies of Hamas or Hezbollah. Israeli soldiers and Iranian soldiers firing weapons missiles.

    13 April 2024, the Islamic Revolutionary Guards Corps launched at Israel loitering munitions, cruise missiles, and ballistic missiles.

    October 2024, Iranian soldiers again launched another series of missiles at Israel.

    US Forces both times participated and shot down several missiles in defense of Israel.

    But hey this is Trumps war right? Get bent…This is Sleepy Joe’s war…

    https://www.military.com/daily-news/2025/06/13/us-shifts-military-resources-mideast-response-israel-strikes-and-possible-iran-attack.html

  17. Libturd says:

    Trump can easily choose not to participate. he can also unnecessarily evacuate a city of 10 million.

  18. Dark Phoenix says:

    Killing is okay. You can always justify it somehow. Mostly religion.

    Your Presidents agree, so do many on here.

    Let the games begin.

  19. RentL0rd says:

    Diet Juice –

    Lets not forget that Bibi even refused to meet Biden. On one hand you say Biden was totally incapacitated and on the other hand, you say he started the war.

    In that case, if this all goes as Israel planned, would you give credit to Biden? Or would you, like with every other fact, change the goal post?

  20. VSG says:

    Juneteenth
    a holiday celebrated on June 19 to commemorate the emancipation of enslaved people in the US. The holiday was first celebrated in Texas, where on that date in 1865, in the aftermath of the Civil War, enslaved people were declared free under the terms of the 1862 Emancipation Proclamation.

  21. Dark Phoenix says:

    No matter how many Ukrainians die today, or Russians, or anyone else, make your coffee, eat breakfsat, watch the morning news and get to work.

    That’s life, folks.

  22. Dark Phoenix says:

    Just wait till RFK helps breed those polio kids.

    Ameriikkka, where vaccines are optional.

  23. Very Stable Genius says:

    Mississippi Burning
    in the 1960’s the FBI investigated the murder of Northeaster Jewish students who were fighting to end slavery during the civil rights movement.
    As a practical matter slavery didn’t really end until the 1960’s

  24. VSG says:

    that’s why whether in Iran or US, the state is suspicious of college students

  25. BRT says:

    a lot of the teachers in my school are walking around thinking they are now worth 1.5 million because they bought a broken down home in Madison for $800k a few years back. Meanwhile, they are skipping vacation because they just don’t have the money in the bank account.

  26. Libturd says:

    Just wait until their houses go back to being worth what they paid for them.

  27. Boomer Remover says:

    Tucker is an untenable and irredeemable douche.

  28. Dark Phoenix says:

    Boomer Remover says:
    June 19, 2025 at 11:15 am
    Tucker is an untenable and irredeemable douche.

    Maybe.

    But Ted Cruz is a dolt. Any high school senior with an A in history could have answered the questions Tucker asked.

    Cruz looked dumber than Goofy. At least Goofy is charming.

    Amerikkka, you put people in charge that made CANADA hate you?

    How the F do you even do that? Those people hate nothing.

  29. Boomer Remover says:

    BRT.
    As someone who is collecting the better part of a teacher’s salary in interest & dividends,
    I can’t stand these people. Out there blowing everything left on sporting events and live/laugh/love decor from Home Goods.

    Everyone is a investment genius, a real estate maven, and “worth seven figures”. It’s fu@&ing nauseating.

  30. Dark Phoenix says:

    BRT says:
    June 19, 2025 at 11:05 am
    a lot of the teachers in my school are walking around thinking they are now worth 1.5 million because they bought a broken down home in Madison for $800k a few years back.

    Female chooses the nest.

    Happy wife, happy life. 😂

  31. Boomer Remover says:

    Tucker is a TV personality. He had his people put these questions together to manufacture this exchange. I abhor manufactured sensationalist content for the mouth-breathing masses.

    Cruz is right, he doesn’t study population tables. When I don’t know how to answer a question correctly, sometimes the best thing to say is no.

    I don’t know why you can’t see through this clown’s gotcha routine

  32. Dark Phoenix says:

    16 Billion Apple, Facebook, Google And Other Passwords Leaked — Act Now

    Where is your government to help you?

    As usual, doing nothing, spending your tax dollars on others.

    Enjoy your “free” credit monitoring.

    Just wait till all your bitcoins and bank accounts are empty.

    Grandma was right, put your money under the mattress. Before it is stolen by thieves or sanctioned/taken away by your own government.

    Just make sure you can say all of this when the time comes:

    And now the end is near
    And so I face the final curtain
    My friend I’ll say it clear
    I’ll state my case of which I’m certain

    I’ve lived a life that’s full
    I traveled each and every highway
    And more, much more than this
    I did it my way

    Regrets I’ve had a few
    But then again too few to mention
    I did what I had to do
    And saw it through without exemption

    I planned each charted course
    Each careful step along the byway
    And more, much more than this
    I did it my way
    And now the end is near
    And so I face the final curtain
    My friend I’ll say it clear
    I’ll state my case of which I’m certain

    I’ve lived a life that’s full
    I traveled each and every highway
    And more, much more than this
    I did it my way

    Regrets I’ve had a few
    But then again too few to mention
    I did what I had to do
    And saw it through without exemption

    I planned each charted course
    Each careful step along the byway
    And more, much more than this
    I did it my way

  33. Dark Phoenix says:

    Cruz is right, he doesn’t study population tables.

    He doesn’t study anything.

    Nothing about that guy screams intelligence.

    All of that programmed Christian Jesus rhetoric.

    Sounds like a Jehovas witnesss that would let their kid die rather than give them blood.

    Hey, your choice. I’ll vaccinate my kid, I’ll give them blood, and the church can go fuk itself with the biggest dildo it can find.

  34. Dark Phoenix says:

    BR,

    And the fake outrage turds.

    Guy complaining on X about his 3 course breakfast with drinks for his huge family at Disney.

    Disney tells you what it costs. It’s doable even on a budget.

    Amerikkka is a country of whiners. Just wait till you put a load on the fake grid of Amerikkka, the power will go out for sure.

  35. RentL0rd says:

    11:36 – do you have a link to the leak?

    In other news the titans are fighting

    https://finance.yahoo.com/news/a-20-billion-clock-is-ticking-for-openai-as-microsoft-talks-turn-fractious-130006071.html

    Some pundits thought that ai is going to revolutionize big tech and let new comers into the market, topple established tech etc. But wheter it is perplexity, scaleai or every other ai startup, big tech has taken them over. So no tech revolution… just the big getting bigger and more evil.

  36. RentL0rd says:

    Statistically a revolution apparently takes 3% of the population to bring civil war.. and that can topple a govt.

    At 7 Million turnout, the No Kings march fell short by a bit.

    Maybe the next No Kings march could be it.

  37. Fast Eddie says:

    Fun watching the Republican Party completely falling apart.

    Democrats: Hold my beer.

  38. Fast Eddie says:

    Speaking of fun, listen to the montage of democrats claiming that if all illegals are deported, no one will be left to pick vegetables and play nannies while mom takes tennis lessons. How elitist! The former remark is by AOC and the latter is by the mayor of Los Angeles. I forget the one said by that Ghetto Barbie, Crockett, because she was going all out ‘ghetto’ with the ‘y’all’ and finger waving and head waving and yelling so much that it was distracting. But here’s a little insight; it’s the really bad guys that are being sent home. Those that work and have been working will continue to do so. If you think otherwise, you must’ve grown up in some white bread, Pleasantville world.

    So, Fetterman is actually talking issues so, he’s out. Rahm Emanuel is talking about education so, he’ll soon be out as will any democrat who’s A) not wishing death upon Trump and any supporters and B) not toeing the party line. Newsum will be in the running because he looks the part. Players are welcome, it’s how the left rolls. Symbolism matters, it’s the thought that counts.

    The diminished, weak and toxic left has no control at the federal level, has disdain for the private sector and loathe their own personal existence. What’s left?

  39. RentL0rd says:

    Trump has done more damage than any of the democrats you listed above could ever do. So, there’s that.

    And I’m not saying because I have TDS, but you look up the numbers. We have become a terror to the rest of the world, a terror to the poor and middle class and a terror to the marginalized. Destroyed the greenback and its future and real inflation under Biden was nothing compared to now.

    And it’s not just worse for the remaining term, but made it worse irreparably.

  40. RentL0rd says:

    For the first time in our history, we have more people leaving the US than entering.

    And tourism is down 7%

    Europe is boycotting MS products, nobody is buying Teslas, and it won’t be long before more and more American products are off the shelves elsewhere. Except of course our bombers.

  41. VSG says:

    Cruz: Those who bless Israel will be blessed.. That’s in the Bible.

    Tucker: Where is that?

    Cruz: I don’t have the scripture…

    Tucker: So you’re quoting a Bible phrase—you don’t know where in the Bible it is but that’s your theology?

  42. VSG says:

    there’s very little christianity in the christian nationalists

  43. BRT says:

    BRT.
    As someone who is collecting the better part of a teacher’s salary in interest & dividends,
    I can’t stand these people. Out there blowing everything left on sporting events and live/laugh/love decor from Home Goods.

    Everyone is a investment genius, a real estate maven, and “worth seven figures”. It’s fu@&ing nauseating.

    They all have been giving me a hard time about my Honda Civic with no paint and $300k miles. Meanwhile, I also commute over an hour. My goal is to get to a point where I can collect my salary in dividends. I estimate I’m about 10 years away from that point.

  44. RentL0rd says:

    As an atheist who has evolved over time, I am tolerant of religious folks who are seeking to find a true north and do better for themselves and others. Which technically is what religion was supposed to do. They mind their way and I mind my own. No harm.

    But in the Amerika we hand out tax breaks to religious institutions and let faith morph into a capitalist enterprise.

  45. Fast Eddie says:

    Trump told 8.7 million people to evacuate immediately… they evacuated immediately. There’s no one on the left that has anything close to that moxie, command or attention. There’s no one on the left that’s pushing a narrative other than to kill the oligarchs and hog tie the production class. Try presenting a plan that doesn’t involve other people’s money funneled through the federal government. You can’t. To suggest otherwise would be admitting fault.

  46. Libturd says:

    “Trump told 8.7 million people to evacuate immediately… they evacuated immediately. There’s no one on the left that has anything close to that moxie, command or attention.”

    What you call moxie is pure idiocy. The bully eventually gets his ass kicked. Tick, tick, tick.

  47. Libturd says:

    Now Trump told Tehran, two weeks.

    Flip flop, flip flop, flip flop. But mostly flop.

    Chicken Little returns.

    More TACOs anyone?

  48. RentL0rd says:

    >> Try presenting a plan that doesn’t involve other people’s money funneled through the federal government.

    Have you looked at the money involved in the “Big Beautiful Bill”? Where is that coming from? You think it’s coming from the king’s coffers?

    How much is each bomb costing?

    And you are proud that 10 million people had to get up in the middle of the night, grab their kids and stuff and evacuate the city because of two mad men (bibi and orange man)? What is wrong with you?!

  49. VSG says:

    Record Debt Limit Increase Would Break Republican Precedent.

    A proposed $5 trillion debt limit increase could make it hard for Republicans to maintain their fiscal hawk credibility.

    By Alan Rappeport
    Reporting from Washington
    June 19, 2025, 9:04 a.m. ET

  50. VSG says:

    “This year, the party of fiscal conservatism is poised to discard that philosophy as Republicans prepare to press ahead with domestic policy legislation that combines nearly $4 trillion in tax cuts with a $5 trillion increase to the debt limit.

    An increase of that magnitude would be a record and underscore the ideological flexibility that many Republicans are willing to embrace when they are in power.“

  51. RentL0rd says:

    VSG, that is “elitist” speak. I generated a grade 5 level for Gary to understand:

    “Oh wow, look at the Republicans — the ‘fiscal conservatives,’ folks! What a joke. They used to scream about the debt, remember that? ‘We can’t spend too much! Think of the children!’ Blah blah blah. Now? They’re pushing $4 trillion in tax cuts and jacking up the debt ceiling by $5 trillion — a record! Biggest ever! You couldn’t make this up if you tried. These people have zero principles. None. When they’re not in power, they cry and whine about spending. But the second they get the keys? It’s spend, spend, spend! Like drunken sailors. Total phonies. The most dishonest, hypocritical bunch you’ve ever seen. They talk tough for the cameras, then do the exact opposite behind closed doors. It’s disgraceful. They’re not conservatives — they’re clowns. Total sellouts.”

  52. RentL0rd says:

    We need someone on the Democrat side that speaks like that. Bueller? Anyone?

  53. njtownhomer says:

    5T$ will be printed to save Israel again, in fact AIPAC and Likud running this country too so that is all explainable.

    Who is gonna buy the US paper though? 70% disapprovals, interest passing GDP levels, 10year is going to be seen around 8% during Orange time. Perhaps more.

    Long gold, cause crazy racists, maniacs, warmongers are in power again.

  54. Fast Eddie says:

    I generated a grade 5 level for Gary to understand

    Good for you admitting that you’re incapable of writing at a 5th grade level and need assistance. It’s like you made a boom boom in the potty.

    We need someone on the Democrat side that speaks like that.

    Aim for a normal person first. Then again, you guys don’t know you’re suffering from a psychosis so what’s normal in a liberals mind can’t be explained.

  55. Fast Eddie says:

    VSG, that is “elitist” speak.

    Wear that badge with honor. That’s what democrats have become, ivory tower, coastal elites.

  56. Hold my beer says:

    Fast Eddie says:
    June 19, 2025 at 12:41 pm

    Democrats: Hold my beer.

    I used to reply asking them about k pop groups but now I just block and report junk when they text me.

  57. grim says:

    The Iranians didn’t flinch at Trump’s empty threats, so what’s he to do? Drag out the timeline on the empty threats and hope maybe they’ll be taken seriously the longer they are talked about?

  58. RentL0rd says:

    Trash, you missed the sarcasm is and when the message gets tough you blame the messenger. Be honest to yourself for once and understand what you are fighting for.

  59. RentL0rd says:

    As much as Israelis are afraid of an attack from Iran, Iran is equally if not more afraid of the west attacking them. I am saying it as it is.

    They have been thinking about an imminent attack much longer than Trump and you can bet they have a plan b and a plan c. BBC has a great arial view of Fordo, and even with the MOB that US has it needs to be extremely precise. Chances of successfully eliminating Irans nuclear facility in a single attack is quite low – risking an all out nuclear war. Pakistan has already said it is on stand by.. although not sure what range they have.

  60. Fast Eddie says:

    Drag out the timeline on the empty threats and hope maybe they’ll be taken seriously the longer they are talked about?

    This is a very shallow thought for your IQ level. Don’t diminish yourself just to appease simple minds on this forum.

  61. Juice Box says:

    Who turned out the lights? Sideways rain here in Monmouth county. I hope the power does not got out.

    Coming your way…

    https://www.accuweather.com/en/us/new-jersey/weather-radar

  62. RentL0rd says:

    Wow, what a blast!

    Just saw the launch

    https://www.reddit.com/r/interestingasfuck/s/ev2wCyzFtP

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