America has more millionaires than many people realize, and many of these wealthy individuals are not high-profile entrepreneurs or financiers, but rather everyday business owners, according to economists Owen Zidar and Eric Zwick. Their research, which uses data from the Treasury and IRS, shows that approximately 5 million U.S. households have at least $5 million in wealth. Combined, these households hold assets worth more than 13 times the total wealth of the Forbes 400, a list of the richest Americans. These "everywhere millionaires" often build their wealth through common businesses such as sole proprietorships and partnerships, which benefit from special tax arrangements. Zwick emphasized that wealth creation is not limited to major cities or the financial sector but is a widespread phenomenon across the country. The study found that about 75% of these millionaires started their own businesses, and most did not inherit their wealth. The average everywhere millionaire is around 62 years old, married, and more likely to have a college degree, though not significantly more so than the general public. Many of them continue working in their businesses well into their 50s, 60s, and beyond, showing a strong commitment to their enterprises. Unlike the "unassuming" millionaires described in the 1990s book The Millionaire Next Door, many of these individuals display visible signs of wealth, such as large homes and yachts. However, their businesses are usually traditional, brick-and-mortar operations rather than the high-profile tech or finance ventures commonly associated with Silicon Valley or Wall Street. These businesses often benefit from a tax structure known as "pass-through" status, which allows profits to be taxed at the individual level rather than the corporate level. Pass-through businesses also provide a tax advantage that enables these individuals to deduct 20% of their income, helping them accumulate wealth more effectively than traditional employees who receive regular W-2 wages. Zwick believes that the American Dream remains very much alive and that opportunities to build wealth will continue to exist, even with the rise of artificial intelligence. While technology may change the way these businesses operate, he argues that the need for solving everyday, practical problems will persist, ensuring that wealth-building opportunities remain accessible to many Americans.