Among individuals with generalized myasthenia gravis (gMG), risk factors for increased severity over time are unknown. This study examined the association between demographic and clinical variables and patient progression to a more severe MG Foundation of America (MGFA) classification. Data were drawn from the Adelphi Real World myasthenia gravis Disease Specific Programme™, a cross-sectional survey capturing retrospective data from patients' medical histories. Among 421 individuals, 16% experienced increased gMG severity (progression to higher MGFA class between diagnosis and the time of the survey, 1–7 years later) and for 84%, gMG was stable/improved (MGFA class the same/lower). Logistic elastic net regression determined that increased severity was associated with the occurrence of prior misdiagnosis. Bivariate analyses indicated significant associations between increased severity and longer time between symptom onset and (a) the first consultation with a healthcare practitioner and (b) MG diagnosis. Increased severity was also associated with older age and presence of specific symptoms at diagnosis. gMG stability/improvement was associated with employment status and general fatigue at diagnosis. There is a need for prompt and accurate diagnosis and improved treatment options with the potential to increase the likelihood of stability/improvement for gMG patients.