A nine-year bull market has produced a large number of 401(k) millionaires. Recently, financial services company Credit Suisse reported 1.1 million Americans crossed that line in 2017 alone. According to a Time article, this increase brought the total number of U.S. millionaires to 15,356,000, or approximately one in every 20 Americans. This means the U.S. has more millionaires than any other country (by far) – even though we rank 21st for median wealth, along with Austria and Greece.
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