The benchmark to be in America's top 1% is a substantial amount of wealth. According to Bankrate, in 2023, the average wealth of the top 1% in America was $33.4 million. This level of wealth is so high that it could qualify individuals for a millionaires tax, such as the one proposed by Senator Bernie Sanders.
| Metric | Value |
|---|---|
| Year | 2023 |
| 1% Wealth Threshold | $33.4 million |
