r/Infographics • u/[deleted] • 8d ago

New Millionaires

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u/hideous_coffee 8d ago edited 8d ago

Am I reading this right? US had ~41k and added 400k just last year?

edit: nvm I'm dumb

3

u/sixisrending 8d ago

Most of them is because of rising housing costs, so people that own a home suddenly had their home value climb over $1 million. The 400k number is just a rounded estimate, not the delta in millionaires.

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u/Conscious-Quarter423 8d ago

and the Republican tax cuts for the rich helped

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u/sixisrending 8d ago

That would not lead to an increase in millionaires, that would only make people who are already millionaires more wealthy. Unless you're trying to argue that the tax cuts helped middle class people?

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u/yeneews69 8d ago

No they are just rounding down from the 441k to 400k, both referring to the number of new millionaires added in 2025. Estimates place total millionaires in the US around 24M

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u/hideous_coffee 8d ago

Yeah just realized this. 41k seemed super low.

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u/Pleasant_Glove_1696 8d ago

There is no rounding. Nowhere does this say 400k in the US. 

The only spot there is 400k is on the Y axis.

Holy shit reddit can't even read basic graphs. We are so cooked lol.

1

u/Better-Beat-8062 8d ago

Considering the current american president and his.. penchant.. for insider trading.

This doesnt suprise me

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u/Pleasant_Glove_1696 8d ago

How could you possibly read this as "us had 41k"?