According to a report by Capgemini, the number of millionaires in the United States increased by around 500,000 in 2022, reaching a total of 7.8 million. This growth was driven by a rebound in the stock market and the resilience of the US economy. The report also predicts that the global high net worth individual (HNWI) population will recover to pre-pandemic levels by 2024, aided by the growth of artificial intelligence (AI) and its applications across various industries. AI is expected to create new opportunities and drive innovation, leading to increased wealth creation. However, the report cautions that geopolitical tensions, inflation, and market volatility could pose challenges for wealth growth in the near future. Overall, the findings highlight the continued growth of millionaires in the US and the potential impact of AI on the global economy and wealth creation.
Source: https://www.businessinsider.com/us-got-500k-new-millionaires-last-year-ai-market-rebound-2024-6