How Many People Really Have a $500,000 Net Worth? (Concerning)

How many people do you think have a net worth of $500,000 or more? 5%? 20%? 75%? Ask around and the guesses are all over the place. Some people assume only a tiny slice of the population ever reaches that level. Others think half the country must be there by now. Half a million dollars has this weird double identity: it sounds enormous, yet somehow within reach. Some people assume it’s a point that you’ve made it.