How good is the USA at generating millionaires?

In 1926, there were about 20,000 millionaires in the USA (measured in 1926 dollars). Currently, the USA has about 500,000 people with a net worth of $18 million or more (measured in 2026 dollars).Due to inflation, $1 million in 1926 dollars is about the same as $18 million in 2026 dollars. Hence, the USA has […]