The chances of you becoming a millionaire and how to increase those chances
1. There are 22 million millionaires in the U.S.
8.8% of the U.S. adult population.
2. Race
White: 21%
Black: 6%
Asian: 22%
Latino: 6%
3. Education
High school: 6%
Associates/trade: 7%
College: 18%
Masters+: 32%
4. Home Ownership
Most millionaires own their home.
5. Business Ownership
The majority of millionaires in the US or employees rather than business owners.
Only 4% of small business owners are millionaires.
6. Age
0-40: 2%
60+: 12%
7. Location
The most millionaires live in:
1. California
2. Texas
3. New York
4. Florida
5. Illinios
6. Pennslyvania
8. Income
The majority of millionaires make less than 200,000
9. Have inherited money
20%
10. Are currently working
Yes
11. People who believe they will become millionaires?
62%
12. How to increase your chances
Find a partner.
Buy a home.
Get a college degree.
Join a high paying profession.
Investing in the stock market.
Having multiple streams of income.
Driving a used car.
No comments.