Skip to main content
915 TLDR
Business
1 read

U.S. Millionaire Count Surges to Over 23.6 Million in 2022

KTSM••Andrew Dorn
City skyline representing business and economy news

Want the full story?

Read the complete article at KTSM

Read Original

AI Summary

In a remarkable financial milestone, the United States now boasts 23.6 million millionaires, surpassing the combined total of the next ten wealthiest nations. This surge in wealth is significant as it reflects the economic landscape and income distribution in the country. The increase of over 440,000 new millionaires in just one year highlights the growing wealth gap and raises questions about economic equity. Understanding these trends is crucial for residents as they navigate their own financial futures in an evolving economy.

economy finance wealth millionaires

Related Articles

KTSM•5d ago

Home Insurance Costs Reach 20% of Housing Expenses for Many Americans

A recent survey by LendingTree highlights the significant financial burden of home insurance across the United States, with some households spending nearly 20% of their total housing costs on insurance premiums. This analysis, based on data from the U.S. Census Bureau and federal housing agencies, underscores the growing impact of insurance expenses on homeowners’ budgets. The findings suggest that residents in various states are increasingly feeling the pinch of rising insurance rates, which can affect housing affordability and financial planning. Homeowners should be aware of these trends as they navigate their housing costs and consider their insurance options.

Business
1 min read
KVIA•6d ago

New Mexico Land Commissioner Denies Pipeline for Project Jupiter Again

New Mexico's Land Commissioner, Stephanie Garcia Richard, has once more rejected Energy Transfer's request for a natural gas pipeline to cross state trust land for the Project Jupiter data center. This decision follows her earlier denial in March 2026, based on environmental concerns regarding greenhouse gas emissions and the potential impact on water resources. Oracle, the project's developer, argues that Project Jupiter will create thousands of jobs and significantly invest in the local economy, including a $50 million commitment to improve Doña Ana County's water system. Despite the rejection, Oracle maintains that the project is on track and aims for carbon-free electricity by 2035.

Business
1 min read
KVIA•6d ago

Paramount and Warner Bros. Face Potential Delay in Merger Approval

Executives at Paramount and Warner Bros. Discovery are bracing for a possible delay in their merger due to a request for a temporary restraining order (TRO) from 12 state attorneys general. This legal action, which alleges antitrust violations, could suspend the merger for two to three weeks, significantly impacting the timeline initially set for completion by the end of September. Paramount has already received approvals from various antitrust authorities, including the U.S. Department of Justice, but concerns remain about the rapid approval process. A hearing regarding the TRO is scheduled for Friday, and if granted, it could lead to further legal battles and delays in finalizing the merger.

Business
1 min read
KTSM•6d ago

Yvonne Dorado Appointed Chief Accounting Officer at WestStar Bank

WestStar Bank has appointed Yvonne Dorado as the Senior Vice President and Chief Accounting Officer, marking a significant internal leadership change in its Accounting and Tax and Treasury division. In her new position, Dorado will be responsible for overseeing the bank's financial accounting and reporting functions, as well as providing support to the Chief Financial Officer. This leadership shift is expected to enhance the bank's financial operations and strategic direction.

Business
1 min read