America, Financial, News, The Rich

1,700 People in American Become Millionaires Every Day

1,700 People in American Become Millionaires Every Day

The number of Americans become millionaires is set to increase by an average of 1,700 every day for the coming years. By the year 2020, the US is expected to welcome 3.1 million new members into its milionaires’ club which grew by 2.4 million from 2010 to 2015.

“The number of Americans become millionaires is set to increase by an average of 1,700 every day for the coming years.”

~ Fortune

The spike in wealth is due to the transfer of wealth. Most of America’s wealth is concentrated in the older generations. And most of their already affluent offsprings are going to inherit the fortune. According to the Boston Consulting Group, today there is an estimated 8 million Americans households with assets worth more than $1 million, excluding properties and luxury goods.

Related Reports: Fortune, Bloomberg

 


The Wealth Insider is the world’s leading wealth intelligence for global wealth managers, investments managers, asset managers, high net-worth service providers and wealthy individuals.  Our global workforce seamlessly present the inside news of the most relevant news, insights, global wealth trends, innovation & digital transformation to our global audience.

Get The Wealth Insider Daily

  • For Press Release,  please contact press@thewealthinsider.com
  • For Media-related enquiries, please contact media@thewealthinsider.com
  • For Advertisement, please contact our official ad agency
Previous ArticleNext Article