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Published by Statista Research Department, Nov 3, 2023
In 2016, around 15.2 percent of all White families in the United States had a net worth of one million U.S. dollars or more. This compares to only 1.9 percent of Black families.
Share of families in the United States who are millionaires in 2016, by ethnicity
| Characteristic | Percentage of millionaires |
|---|---|
| - | - |
| - | - |
| - | - |
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Source
Release date
October 2017
More information
Region
United States
Survey time period
2016
Supplementary notes
Millionaires are defined as families with a net worth of one million dollars or more.
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Statistics on " Millionaires in the United States "
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- Basic Statistic Number of people with wealth over one million U.S dollars 2022, by country
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- Premium Statistic Share of households who are millionaires by state U.S. 2020
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- Basic Statistic U.S. billionaires 1990-2020
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- Premium Statistic Number of HNWI's, UHNWI's and billionaires in Germany 2014-2024
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Further Content: You might find this interesting as well
Statistics
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- Number of HNWI's, UHNWI's and billionaires in Sweden 2016-2021
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- Number of HNWI's, UHNWI's and billionaires in Ireland 2014-2024
- Number of HNWI's, UHNWI's and billionaires in Switzerland 2014-2024
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As an enthusiast with a deep understanding of the subject matter, I'd like to delve into the information presented in the article. The provided data is sourced from Statista, a reputable platform known for its comprehensive statistics and insights. Statista is widely recognized for its reliable data, and the evidence is in its extensive database containing over 20,000 reports, covering various industries and topics.
Now, turning our attention to the article, it highlights a significant socioeconomic aspect – the distribution of millionaires in the United States based on ethnicity. The data, collected in 2016, reveals a stark contrast in the percentage of millionaires among different ethnic groups. According to the statistics, approximately 15.2 percent of all White families in the United States had a net worth of one million U.S. dollars or more, while only 1.9 percent of Black families reached this financial threshold.
This information sheds light on the disparities in wealth among ethnic communities, raising important questions about economic and social equity. The dataset specifies that millionaires, in this context, are defined as families with a net worth of one million dollars or more.
The data presented in the article is crucial for understanding the dynamics of wealth distribution and socioeconomic inequalities within the United States. It serves as a starting point for further analysis and discussions on topics such as economic policies, racial disparities, and the broader implications for society.
To gain full access to the detailed source references and background information, a Statista account is required, reinforcing the platform's commitment to providing in-depth and reliable statistics. This article reflects the depth of Statista's research capabilities and its dedication to offering valuable insights into various aspects of the economy and society.
In summary, Statista's expertise in collecting, analyzing, and presenting data is evident in the quality and relevance of the information provided in this article. The platform serves as a valuable resource for individuals, businesses, and policymakers seeking reliable statistics to make informed decisions.
