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U.S. added more than 1,000 millionaires every day last year, new report says - MarketWatch

1. U.S. millionaires increased by 379,000, totaling almost 24 million. 2. Average U.S. wealth per adult reached $312,000, double that of Europe. 3. Wealth growth outside the U.S. was essentially flat in dollar terms. 4. The rise of everyday millionaires (EMILLI) quadrupled to 52 million globally. 5. Strength of the dollar and U.S. equities influenced new wealth distribution.

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FAQ

Why Bullish?

Increase in wealth supports consumer spending, benefiting the economy and currency.

How important is it?

Wealth increases suggest potential economic growth and enhanced currency strength, influencing DX00.

Why Short Term?

Immediate market reactions may reflect increased consumer confidence and investments.

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