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This is indeed a remarkable number, I read 30m millionaires some place else. Do they count stocks which are held but not cashed out and do they count houses wh
by omgomgomgomg 4y ago
This is indeed a remarkable number, I read 30m millionaires some place else.
Do they count stocks which are held but not cashed out and do they count houses which are subject to mortgages?
If no, then that is a truly impressive number, I think even Switzerland does not come close by percentage.
- jacobsenscott 4y agoThey certainly count home equity and stocks, which could easily have doubled in the last 5 years. But none of that is very liquid. Salaries have been losing value due to inflation - there are plenty of millionaires living paycheck to paycheck.