Wealth Inequality Widens as $5.8 Million Needed to Hit Top 1% in U.S.

Americans need at least $5.8 million to be in the top 1% of wealth in the US, less than half the $12.9 million cutoff for Monaco.

The US 1% wealth cutoff rose nearly 15% from 2021 due to a robust economy and strong wealth growth.

There are currently 627,000 ultra-high net worth individuals (over $30 million) globally, with a projected 28% increase over 5 years.

Median US household net worth surged 37% between 2019-2022 to $192,000, fueled by asset price increases and stimulus.

Inequality continues rising between and within countries, with small hubs like Monaco attracting wealthier individuals.