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.”
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.
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