Millionaires are more common than you think. Some 23.8 million Americans are millionaires, according to Swiss bank UBS’s 2025 Global Wealth Report, accounting for just under 9 percent of the U.S. adult population.
But with many Americans struggling to keep up with the rising cost of living, generating seven-figure wealth may seem impossible. Yet becoming a millionaire isn’t always a complicated process, said certified public accountant Eleanor Victorioso, founder of fractional CFO firm The DoubleLine.
