Does a $1M make you rich? Many millionaires today don’t think so
December 30, 2025 by Ayo Mseka
According to the latest data from Northwestern Mutual’s 2025 Planning & Progress Study, only about one-third of American millionaires consider themselves wealthy, and nearly half said that their financial planning needs improvement.
There are 23.8 million millionaires in the U.S., the most of any country in the world, the survey said. While most don’t see themselves as “wealthy,” American millionaires are much more likely to report higher levels of financial discipline, confidence, and clarity than the average American.
Originally Posted at InsuranceNewsNet on Dec 29, 2025 by Ayo Mseka.
Categories: Industry Articles
