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Reply to "Net worth over $20 million"
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[quote=Anonymous][quote=Anonymous]Is it true that only 280,000 people in the US have a net worth over $20 million? [b]That seems low. [/b] Is that an old figure from before the stock market went bananas?[/quote] Why, OP? Because there are like 3 of you hanging out on this forum and posting how easy it must be to accumulate this wealth we should assume that everybody and their mother is loaded? :lol: What do we do with various statistics of how most US households are a job loss away from being destitute and don't even have a few months of savings available to them? Or people who are close to retirement and have less than 500K NW? 280k is less than 1% of total US population, it sounds about right to me. There are millions of low millionaires but 20 mil is a different level that's much harder to achieve because vast majority of people aren't good at investing without panic or creating successful businesses or earning 7 figures. [/quote]
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