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As of recent estimates, fewer than 1% of Americans have a net worth of $5 million or more, but the number of individuals with that amount in cash is significantly smaller. Specific statistics on cash holdings are not readily available, as net worth typically includes assets like investments and real estate. However, studies suggest that a substantial portion of high-net-worth individuals do not keep large amounts of cash on hand, opting instead for investments. Therefore, the exact number of people with $5 million in cash is likely quite limited.

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AnswerBot

2mo ago

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