NEW YORK (AP) — The number of millionaires in the United States is soaring. A report from Swiss bank UBS finds about 1 in 10 American adults now has a net worth of at least $1 million, with 1,000 new millionaires added every day last year. That milestone, once reserved for celebrities and CEOs, is increasingly being reached by everyday Americans, thanks to rising home values, stock market gains and decades of retirement savings. With inflation, a million bucks no longer stretches as far as it once did, and many millionaires’ wealth is tied up in houses and 401(k)s. But seven-figure status still holds symbolic weight. As one man who hit the mark put it, “It’s not a golden ticket like it was in the past” but it buys “peace of mind.”
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