There are 6 surprising things everyone always gets wrong about American millionaires

More rich Americans identify as Democrats than Republicans.

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More rich Americans identify as Democrats than Republicans.
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Michael Buckner/Getty Images for Summertime Entertainment

The habits and tastes of millionaires are fascinating to those of us with less-than-seven figure bank accounts.

According to a report on American millionaires by Wealth Engine, about 7% of the US adult population has a net worth greater than $1 million.

Below, we’ve highlighted some interesting facts about rich Americans that may surprise you, from the type of car they drive to their political affiliations.


They’re not all filthy rich. In fact, 95% have a net worth between $1 million and $5 million.


More rich Americans identify as Democrat (58%) than Republican (38%).

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Aaron P. Bernstein/Getty Images

They don’t only drive luxury cars. Ford is the second most popular car brand behind Mercedes and ahead of BMW.

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flickr/mariordo59

New York City and Los Angeles don’t have the most millionaire residents. Miami Beach’s 33109 ZIP code actually has the highest saturation of millionaires in the US.

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Shutterstock

Very few own private jets. Only 1% of millionaires own a private plane, but 3% own boats.

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Scott Olson/Getty Images

They’re not bachelors and bachelorettes. Almost 94% of American millionaires are married.

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Getty Images / Charley Gallay