More Americans Are Millionaires but Don't Feel Rich

There are more American millionaires than ever before, but many of them don't feel rich.

Average net worth in the United States is over $1 million per household, Federal Reserve data shows, with roughly 1 in 6 families surpassing the seven-figure mark.

Yet, many of the country’s newest millionaires say that even with suchwealth, they still feel undeniably middle-class. In many parts of the country, $1 million has become a starting point for the American Dream. The average entry-level homes cost $1 million or more in more than 200 U.S. cities — including parts of Kansas, Minnesota and Georgia — according to a recent analysis by Zillow.

Please select this link to read the complete article from The Washington Post.