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Saw this article confirming what @MJ DeMarco has been saying. $10 million is the new $1 million.
"According to Credit Suisse, the global number of millionaires expanded by 5.2 million to reach 56.1 million in 2020. That’s a 9.8% increase in the number of millionaires since the pandemic began.
As a result, an adult now needs more than $1 million to belong to the global top 1%. But to be in the top 1% in America, an adult needs to have more than $10 million."
"The United States has a mean wealth per adult of $505,420, up $41,870 from 2019"
"If the average American continues to grow their net worth by 7.2% a year for 10 years, then the average person will become a millionaire in America. "
www.financialsamurai.com
"According to Credit Suisse, the global number of millionaires expanded by 5.2 million to reach 56.1 million in 2020. That’s a 9.8% increase in the number of millionaires since the pandemic began.
As a result, an adult now needs more than $1 million to belong to the global top 1%. But to be in the top 1% in America, an adult needs to have more than $10 million."
"The United States has a mean wealth per adult of $505,420, up $41,870 from 2019"
"If the average American continues to grow their net worth by 7.2% a year for 10 years, then the average person will become a millionaire in America. "
The Number Of Millionaires In The World Is Exploding
According to Credit Suisse, the global number of millionaires expanded by 5.2 million to reach 56.1 million in 2020. That's a 9.8% increase in the number of millionaires since the pandemic began. In 2022, the number of millionaires in the world is likely closer to 60 million given how strong...
www.financialsamurai.com
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