Who wants to be a millionaire?
Who wants to be a millionaire? If you’re wondering why Boston condo for sale prices keep rising, check out the chart below.
How does the Boston condo for sale market keep rising?
The number of U.S. dollar millionaires has risen sharply since the beginning of the 21st century.
In 2000, there were 14.7 million millionaires worldwide, a fourfold increase in twenty years (300 percent). If we compare this figure with the fight against extreme poverty, the number of people below the global poverty line – which today stands at $2.15 a day – has declined at a much slower rate. At the turn of the century, there were 1.7 billion people living in extreme poverty, compared with around 700 million today, a drop of around 60 percent.
The United States is home to by far the largest contingent of dollar millionaires: 22.7 million in 2022, representing 6.7 percent of the country’s population. Next on this list is China with 6.2 million (0.4 percent of the population), while France completes the podium with 2.8 million (4.2 percent of the population).
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Who wants to be a millionaire? Remember that game show with Regis?
Well I don’t know how many people becaome a millionaire on that show, but you can’t deny there are a lot of millionaires amongst us.
You can imagine the horsepower that homebuyers are up against – millionaires trying to outdo millionaires!
Here are some startling facts:
- Credit Suisse’s latest global wealth report shows there are 46.8 million millionaires (measured in USD) worldwide.
- Of those, 40% or 18.6 million individuals are in the United States.
- This means that about 7.6% of the U.S. adult population are millionaires.
- This indicates that approximately 14% of U.S. households are in the millionaire club
- With a median wealth of $65,904 for an adult in the U.S., $1,000,000 represents 1517% of the median.
- The annual increase in global wealth per adult was 2.6%.
- After the U.S at 40%, the next highest 5 countries for millionaires are China 10%, Japan 6%, United Kingdom 5%, Germany 5%, and France 4%.
- These top six countries represent 70% of the world’s millionaires.
- If you’re a millionaire, you are in the top 0.6% of wealth for the world’s population.
- The nine cities with the most millionaires, in decreasing order are Tokyo, New York City, London, Paris, Frankfurt, Beijing, Osaka, Hong Kong, and Shanghai.
https://millionairefoundry.com/millionaire-statistics/
