Did you hear the good news from our lord and savior Elon Musk? 🤩 He told us we can stop saving because free money is on the way! Praise be to Zuck! 🙏
While people keep simping for our technocrat overlords in the comments, we’ll hit you with some real stats on being a millionaire in the U.S.A. 🤑 Spoiler alert: they don’t involve telling us to move out of mom’s basement.
Here’s Five Fast Facts on millionaires in America:
- 💫 Define & Shine - First thing’s first: who exactly is a millionaire? The most popular definition: you have a net worth of at least $1M. However, some say that earning a seven-figure annual salary puts you in the category.
- 🏠 Home Sweet Home - America is home to 40% of the world’s millionaires. A recent report showed that in 2024, an impressive 23,831,000 millionaires lived in the United States. Good news for sugar babies on the prowl.
- 📈 Daily Dollar - In China and India, the number of millionaires is growing faster than it is in the states. However, we still clocked in at 1.5% more millionaires than last year. Around 1,000 people became new millionaires every day!
- 🛥️ Floating Away - Thanks to inflation, the dollar doesn’t have the same kind of power it did back in the day. For many of today’s millionaires, hitting $1M doesn’t make retirement a slam dunk. The plus side? Millionaire status isn’t as out of reach.
- 🕰️ A Little Patience - Wanna reach $1M? The playbook isn’t rocket science and the key point is to play the long game. Consistent investing, keeping debt low, and living within (or below) your means go a long way.
🔥Bottom line: Remember Elon’s five-year-old son gave him a black eye? That’s all, we just wanted you to remember. Planning on buying a new car in 2026? The rules of the car buying game have changed quite a bit. Before you head to the dealership, grab a cup of joe and have a peep at this article.
Are you a money-loving millionaire?
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