02-24-2020, 10:09 PM
(02-24-2020, 09:55 PM)TheLeonardLeap Wrote: 2018 saw 250,000 new millionaires in the US be made, making it a total of 11.8 million households that were millionaires. (The value of your primary residence doesn't count towards being a millionaire for those numbers. So it's not just people with an expensive house and no other money.)
That means on average in 2018, 685 households in the US became new millionaires per day.
I'd like to see the underlying data to those figures. How much money were their parents' making? How much were they worth? How much is the spouse and their family worth? Did this bump come from marriage? Were these long term gains or short term? Was it inherited? Lots of questions to ask about that.
I'd be willing to put money on it that less than 10% of those figures were actually examples of socioeconomic mobility.
"A great democracy has got to be progressive, or it will soon cease to be either great or a democracy..." - TR
"The test of our progress is not whether we add more to the abundance of those who have much; it is whether we provide enough for those who have too little." - FDR
"The test of our progress is not whether we add more to the abundance of those who have much; it is whether we provide enough for those who have too little." - FDR
