Rich Get Richer: Number Of U.S. Millionaires Soars 41%
View Source | October 3, 2022 2:26 pm
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- The number of Americans reporting more than $1 million in income is up this year by a whopping 41 percent, new IRS figures show.
- The agency said it processed 387,840 returns showing seven-figure incomes by mid-July, compared with 274,879 during the same time last year.
- The increase, outstripping gains seen further down the income ladder, appears to be fueled in part by the run up last year on Wall Street.
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