Here are some updated statistics on wealth:
Fidelity now has nearly 800,000 people with $1 million or more in their 401k plan. Fidelity also has 684,000 customers with $1 million or more in an IRA.
The Wall Street Journal says nearly 12,000 taxpayers had an IRA balance of $10 million or more in 2024. That’s up from 3,625 in 2019.
UBS data shows there are well over 23 million millionaires in the United States alone. …