Amount of Millionaires in the American Population.

[shoedinidc]

I think they did share, not their fault if you didn't invest in Citibank or ford etc

 

[waitwut]

give me a decent middle class house 1 GTR and 1 E92 BMW ill be good

dont care bout no millie

 

[waitwut]

give me a decent middle class house 1 GTR and 1 E92 BMW ill be good

dont care bout no millie

 

[ham city]

Originally Posted by DJprestige21

Originally Posted by wawaweewa

Originally Posted by DJprestige21

Dollar value is going to decline inevitably.



However if you notice the chart under the 2020 heading we are going to double in terms of total amount of millionaires with Japan still being in second with nearly 8,000,000 Millionaires. 

The study/article is BS. 
It shouldn't be net worth. Especially not for as little as 1mm. If they're using net worth they should start at 10MM. Anything under shouldn't be considered "millionaire" status. 

Business Insider > wawawawee from niketalk.

But I'm not here to argue, just here to state facts for the ones who are interested. Besides by your rationale that makes an even smaller percentage of Americans within the millionaire category, which is mind boggling.  

You've got to try to understand what wawaweewa was saying. A net worth of 1M equals a homely house in a metro area, a decent car, some stock and a modest savings account.

Yes, the situation is even worse than the article paints it.

 

[ham city]

Originally Posted by DJprestige21

Originally Posted by wawaweewa

Originally Posted by DJprestige21

Dollar value is going to decline inevitably.



However if you notice the chart under the 2020 heading we are going to double in terms of total amount of millionaires with Japan still being in second with nearly 8,000,000 Millionaires. 

The study/article is BS. 
It shouldn't be net worth. Especially not for as little as 1mm. If they're using net worth they should start at 10MM. Anything under shouldn't be considered "millionaire" status. 

Business Insider > wawawawee from niketalk.

But I'm not here to argue, just here to state facts for the ones who are interested. Besides by your rationale that makes an even smaller percentage of Americans within the millionaire category, which is mind boggling.  

You've got to try to understand what wawaweewa was saying. A net worth of 1M equals a homely house in a metro area, a decent car, some stock and a modest savings account.

Yes, the situation is even worse than the article paints it.

 

[tony montana]

The only reason your spoiler is valid is because nobody else wants it.

 

[tony montana]

The only reason your spoiler is valid is because nobody else wants it.

 

[skateboard]

I live in CT, and towns like Fairfield, where I live, Westport, Darien, and Greenwich have a $#^& load of millionaires. Hell, even 50cent has a home in Greenwich, as does Judge Judy and I believe Oprah. It isn't called the Gold Coast for nothing.

Still, a house here that costs 400k would cost 50k or so in somewhere like Texas.

For examp - My family nets over $130k a year, and that's NOTHING compared to some of the dudes in Southport (section of Fairfield). They're raking in maaaaaad money.

 

[skateboard]

I live in CT, and towns like Fairfield, where I live, Westport, Darien, and Greenwich have a $#^& load of millionaires. Hell, even 50cent has a home in Greenwich, as does Judge Judy and I believe Oprah. It isn't called the Gold Coast for nothing.

Still, a house here that costs 400k would cost 50k or so in somewhere like Texas.

For examp - My family nets over $130k a year, and that's NOTHING compared to some of the dudes in Southport (section of Fairfield). They're raking in maaaaaad money.

 

[iconbuster]

Originally Posted by crcballer55

Why are people overlooking multiple obvious factors of the wealth inequality.  Most people want to become "wealthy" but they won't take the steps necessary or make the long term sacrifices to do so.  We are a consumer driven society where most people feel the need to "keep up with the Jonses".  For those capable of escaping that vortex your wealth has the ability to grow much faster.  If the average person invested only $100/mo. from 18-65 into investments, they would easily have $1MM by retirement.

[color= rgb(0, 0, 0)]SneakerHeathen[/color] wrote:

---

nah but you're delusional if you don't think privilege has nothing to do with it. 
however those who aren't born into privilege (namely white privilege, yeah I said it) just have to work harder and that's a reality most are unwilling to face. at the end of the day we need some people to make our french fries. 

 

[iconbuster]

Originally Posted by crcballer55

Why are people overlooking multiple obvious factors of the wealth inequality.  Most people want to become "wealthy" but they won't take the steps necessary or make the long term sacrifices to do so.  We are a consumer driven society where most people feel the need to "keep up with the Jonses".  For those capable of escaping that vortex your wealth has the ability to grow much faster.  If the average person invested only $100/mo. from 18-65 into investments, they would easily have $1MM by retirement.

[color= rgb(0, 0, 0)]SneakerHeathen[/color] wrote:

---

nah but you're delusional if you don't think privilege has nothing to do with it. 
however those who aren't born into privilege (namely white privilege, yeah I said it) just have to work harder and that's a reality most are unwilling to face. at the end of the day we need some people to make our french fries.