3 ms·

You may be surprised at the sheer size of the American millionaire class. I know I was. It’s a good chunk of the population. Looks like there’s about 25 million

You may be surprised at the sheer size of the American millionaire class. I know I was. It’s a good chunk of the population. Looks like there’s about 25 million millionaires in the States in 2021. Collectively, they can spend a hell of a lot of money. I got this information from the Credit Suisse Global Wealth report - hopefully it’s reliable information despite that fact.

MuffinFlavored 4y ago
https://www.credit-suisse.com/about-us/en/reports-research/global-wealth-report.html https://www.credit-suisse.com/about-us/en/reports-research/g... https://www.credit-suisse.com/media/assets/corporate/docs/about-us/research/publications/global-wealth-report-2022-en.pdf https://www.credit-suisse.com/media/assets/corporate/docs/ab... Checking it now, will update this comment with "how big is the American millionaire class" https://www.zippia.com/advice/millionaire-statistics/#:~:text=There%20are%20about%2022%20million,of%20the%20total%20U.S.%20population https://www.zippia.com/advice/millionaire-statistics/#:~:tex....
- FredPret 4y ago
  I edited my comment before I saw yours, sorry.
  - MuffinFlavored 4y ago
    Don't be sorry. I appreciate the conversation. > Looks like there’s about 25 million millionaires in the States in 2021. Collectively, they can spend a hell of a lot of money. I feel like people who scrape in and are "technically worth" $1m or $2m on paper (most likely due to single family home ownership appreciation over time) but still need to work a job/support a family probably shouldn't count but other than that... it sounds like you and I are in alignment that of the ~160m working "taxpayers", 15% of them are millionaires who are basically unaffected by any recessionary downturns at the moment and are still out there spending like crazy? (like $20k Formula 1 Miami or $12k Warriors courtside tickets)
    - FredPret 4y ago
      Note that this is per adult, not per household. Some measures also exclude primary residence.

MuffinFlavored 4y ago

https://www.credit-suisse.com/about-us/en/reports-research/global-wealth-report.html https://www.credit-suisse.com/about-us/en/reports-research/g... https://www.credit-suisse.com/media/assets/corporate/docs/about-us/research/publications/global-wealth-report-2022-en.pdf https://www.credit-suisse.com/media/assets/corporate/docs/ab... Checking it now, will update this comment with "how big is the American millionaire class" https://www.zippia.com/advice/millionaire-statistics/#:~:text=There%20are%20about%2022%20million,of%20the%20total%20U.S.%20population https://www.zippia.com/advice/millionaire-statistics/#:~:tex....

FredPret 4y ago
I edited my comment before I saw yours, sorry.
- MuffinFlavored 4y ago
  Don't be sorry. I appreciate the conversation. > Looks like there’s about 25 million millionaires in the States in 2021. Collectively, they can spend a hell of a lot of money. I feel like people who scrape in and are "technically worth" $1m or $2m on paper (most likely due to single family home ownership appreciation over time) but still need to work a job/support a family probably shouldn't count but other than that... it sounds like you and I are in alignment that of the ~160m working "taxpayers", 15% of them are millionaires who are basically unaffected by any recessionary downturns at the moment and are still out there spending like crazy? (like $20k Formula 1 Miami or $12k Warriors courtside tickets)
  - FredPret 4y ago
    Note that this is per adult, not per household. Some measures also exclude primary residence.