The South is also the region with the highest concentration of the single-race U.S. Black population: 59% of that group lives there as of 2021. CultureBanx noted that for African American millionaires the number is growing, but still lower than other ethnic demographics. Regarding the bottom half of the wealth distribution, there is now some evidence concerning the wealth impact of the pandemic on various subgroups such as women, minorities or younger generations, but it will be some years before survey data gives a clear indication of the full distributional effects. 17. This marks an increase of 16% since 2000, when the population was 33.8 million. divId: 'div-gpt-ad-rightrail-1', Managers and teachers were the other two careers most represented in this surveyed group of millionaires. What percentage of the worlds adult population are millionaires? Unless otherwise noted, adults are those who are ages 18 and older. Additionally, roughly one-in-five multiracial Black people (11%) live in non-family households. Median net worth for those without high school has been on a downward trajectory since this survey began in 1989. baseDivId: 'pb-slot-right-1', Roughly three-in-ten single-race Black people (32%) live in households with female household heads, and 5% live in male-headed households. Since nearly 22 million of them were millionaires, that means that about one in every 11 adults in the U.S . pos: 'right_rail_1', About a quarter (26%) of all Black U.S. adults ages 25 and older have a bachelors degree or more education. Quintile table with fifth quintile split and the tenth decile indicated: Quartile table with fifth quartile split and the tenth decile indicated: Net worth is a measure of individual or household wealth what you own minus what you owe. This quintile chart is determined by income. Federal Reserve Report on the Economic Well-Being of U.S. Starting in 2000, the Census Bureau has provided respondents with the option to identify as more than one race. As with quintiles, quartiles are counted from top to bottom with the first quartile the one with the lowest values. Get in touch with us. Distribution of U.S. Millionaires by Generation, as of 2013. 9. About four-in-ten Black people (39%) live in U.S. households that are headed by married couples as of 2021. In 2021, there were an estimated 47.2 million people who self-identified as Black, making up 14.2% of the countrys population. This was on top of the 2.4 million people that were added to the U.S.s tally of millionaires from 2010 to 2015. About World Gained 5.2m Millionaires Last Year in COVID Crisis Report. Here's how 22 million Americans became millionaires - CNBC Here are some facts revealed by looking at net worth: Wealth distribution in America is often broken into equal sections, or percentiles, in order to understand better how wealth is accumulated, in what quantities, and by whom.