There’s something about the term ‘millionaire’ that still captivates people’s imagination. Even as Forbes released their annual list of the world’s ‘billionaires’ (spoiler alert: Jeff Bezos, $100B), people are still excited about accumulating 1/100th of that amount.
I’ve noticed that many of my top read articles over the last three all have ‘millionaire’ in the title. Maybe as the world’s richest move into billionaire territory, being a simple millionaire is the new level of approachable luxury?!
Here’s a couple of those articles:
Still, getting even to millionaire status is not easy. Only 1 in 10 households meet that mark (total net worth) in the United States today. Here’s a chart from DQYDJ that shows how much wealth you need to fall into certain percentiles (in 2016):
In response to the comments below, I am also adding this interesting chart on income mobility from The Brookings Institute:
Image Credit: Pixabay