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// There are approximately 25M millionaires in the US. Really? Population of the US is like 350M. Is 7% of US population millionaires? Like, one of out every 1
by xyzelement 3y ago
// There are approximately 25M millionaires in the US.
Really? Population of the US is like 350M. Is 7% of US population millionaires? Like, one of out every 14 people out there? I guess that's believable but counter-intuitive.
- missedthecue 3y agoRemove minors from the population, and it's 1 in 10 americans that are millionaires.
- nly 3y agoProperty wealth
- GartzenDeHaes 3y agoOne Million Dollars isn't exactly a lot of money anymore. Seems as if single family homes cost nearly a million in many larger cities.
- ReptileMan 3y agoIf average house prices in desirable densely populated areas are above 1M$ it is not hard to have a lot of millionaires.
- BurningFrog 3y agoThe US is still much wealthier than other industrial nations.
- mcguire 3y agohttps://www.census.gov/content/dam/Census/library/publications/2023/demo/p70br-183.pdf https://www.census.gov/content/dam/Census/library/publicatio... "The median household wealth in 2021 was $166,900. The 10th percentile of household wealth was zero dollars, meaning 1 in 10 households had wealth of zero dollars or less. The 90th percentile of household wealth was $1,623,000, meaning 1 in 10 households had wealth exceeding $1.6 million."
- xyzelement 3y agoWe live in an amazing country. Presumably some of the <0 folks are recent grads with student debt etc rather than the classical poor as well.
- kjkjadksj 3y agoPlenty of classic poor too. 4 in 10 americans can’t cover a $400 expense without selling assets or taking on debt.
- jmann99999 3y agoAs of 2020 there were 21,951,000 U.S. millionaires (Net Worth), according to Credit Suisse[0]. So the number isn't far off. [0] https://financebuzz.com/us-net-worth-statistics#sources https://financebuzz.com/us-net-worth-statistics#sources
- tick_tock_tick 3y agoThe USA is crazy rich even compared to Europe or most western nations.