Very few 18-29 year-old Americans are "millionaires," and among those, a lot of that wealth isn't exactly spending money.

While speaking with Vogue Australia, Reese touched on a range of topics, from her Reebok collection to the importance of financial literacy. For those who may be unfamiliar, Reese is from Baltimore, ...

May 20 is National Be a Millionaire Day. There are more millionaires in America than ever: Federal Reserve data puts the count at roughly 24.5 million households, close to 1 in 10. Most of them got ...

Millionaires under 30 are extremely rare. Only about 1.4% of Americans ages 18–29 have a $1 million net worth. Most young millionaires don’t have $1 million in cash or diversified assets. Much of that ...

Social media makes rare outcomes look normal—and that can warp your expectations for how many younger Americans have $1 million in net worth. Scroll through social media long enough, and you might ...