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A random person living in America has a higher chance of becoming rich than in most other countries.
by HPsquared 8mo ago
A random person living in America has a higher chance of becoming rich than in most other countries.
- jghn 8mo agoHowever, despite the fact that we live in a country full of temporarily embarrassed millionaires, it is still a low %age chance of actually happening
- twoodfin 8mo agoApparently, 25% of Americans over age 50 are millionaires by wealth, and so if you don’t expect those figures to go down, your odds of living to be a millionaire are pretty good! https://www.fool.com/retirement/2024/05/27/heres-how-many-millionaires-there-are-in-america/ https://www.fool.com/retirement/2024/05/27/heres-how-many-mi... Yeah yeah, illiquid household wealth … but millionaires nonetheless.
- deleted 8mo ago[deleted]
- michaelmrose 8mo agoThis is untrue. Here is a measure of upward mobility. We are 27 out of 82 right below Lithuania https://en.wikipedia.org/wiki/Global_Social_Mobility_Index https://en.wikipedia.org/wiki/Global_Social_Mobility_Index
- HPsquared 8mo agoThat index measures a lot of things, most of which aren't related to the probability of a random person becoming rich.