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80% of US millionaires are first generation. https://www.washingtonpost.com/wp-srv/style/longterm/books/chap1/millionairenextdoor.htm#:~:text=Again%2C%20most%2
by missedthecue 5y ago
80% of US millionaires are first generation.
https://www.washingtonpost.com/wp-srv/style/longterm/books/chap1/millionairenextdoor.htm#:~:text=Again%2C%20most%20American%20millionaires%20today,)%20are%20first%2Dgeneration%20rich https://www.washingtonpost.com/wp-srv/style/longterm/books/c....
- nsv 5y agoBig difference between millionaire and centi-millionaire or billionaire though. You can save a million dollars just by making the median American salary and making large contributions to your 401k over 40 years, due to the power of compound interest.
- deleted 5y ago[deleted]
- webmaven 5y ago> 80% of US millionaires are first generation. Apples and oranges. Most of the wealth is not most of the wealthy people.