More than 8% of American adults are millionaires

[Anonymous No.28221287]

https://www.cnbc.com/2021/02/09/more-than-8-percent-of-american-adults-are-millionaires-heres-how-they-got-wealthy.html

[Anonymous No.28221377]

Does being a millionaire mean anything anymore?

[Anonymous No.28221387]

>>28221287
I think you mean more than 8% of American adults are goddamn old.

[Anonymous No.28221508]

Does that include their property though? Its not like they have 1million in liquid wealth

[Anonymous No.28221531]

My parents bought a house for 80k in the late 80s that's worth about 1 milly now, they sold for a 20-40k profit or so I think.

[Anonymous No.28221675]

>>28221287
>More than 8% of adults in the U.S. have enough assets to fit the definition
>have enough assets
kek

>get $1mil mortgage
>$1mil in debt
>"own" $1 mil in assets
>'Im a millionaire'

The absolute state of americans.

[Anonymous No.28221733]

>>28221387
This desu I’d like to see what % is 401k or boomer wealth. I don’t know many young people who are millionaires. Youngest guy I know is 30 I think

[Anonymous No.28221766]

>7.9% of americans bought a house and had a 401k 20 years ago

[Anonymous No.28221948]

>>28221287
6% of those are probably home owners in coastal cities that bought in decades ago. Millionaires based on their networth from their homes.

[Anonymous No.28221999]

>>28221733
>>28221766
woah it's like investing long term has benefits

[Anonymous No.28222057]

Most of those are retired people with a paid off house and a 401k.

[Anonymous No.28222120]

americans are a joke lmao

[Anonymous No.28222138]

>>28221999
woah yeah totally not because of monetary debasement

the 2/2 you bought a generation ago is really way better now

[Anonymous No.28222177]

>>28222057
>>28221948
>>28221766
>>28221733
>>28221387
>>28221508
Still better than almost anywhere else on earth, clearly seething europeans typed these comments.
>>28221675
Not how it works retard

[Anonymous No.28222234]

>>28221377
No 1 million isn't even that much. But, bear in mind that a lot of people can't even afford a 400 dollar expense without selling something

[Anonymous No.28222430]

>>28222177
Houses in the UK cost more, there are tons of boomer 'millionaires'

[Anonymous No.28222517]

>>28222177
>clearly seething europeans typed these comments.
Europeans also have retirement plans, mutt brain.

[Anonymous No.28222612]

>>28222177
>Not how it works retard
That's exactly how these statistics work

[Anonymous No.28222680]

>>28221287
If you're like 50 yo then it doesn't really count. It just means you have will have a comfy retirement. Who cares. I think my has an $800k net worth, but most of that money is in her pension savings. When you're a 70 yo old boomer it doesn't make a huge difference whether you have $10MM, $1MM or $500k. Things like having a comfy family, good friends good wife, you're healthy etc. are MUCH more important at that point in life.

Being a millionaire is really only impressive if you're in your 20s. In your 30s I'd say $2.5MM+ is impressive.

[Anonymous No.28222778]

>>28221675
>europeasant doesn't understand the simplest accounting concept

[Anonymous No.28222814]

>>28222057
Yep, infact one of the most common professions of a millionaire is a teacher. This is because they make up a large portion of the population and have a pension. Most of these people baught some house in the 90s and now are sitting on hundreds of thousands of equity.

[Anonymous No.28222836]

>>28221287
what state is this so I can avoid it

[Anonymous No.28222856]

>>28221287
If you're like 50 yo then it doesn't really count. It just means you will have a comfy retirement. Who cares. Most people who don't live in third world countries will have enough money by the time they retire to live a decent life. I think my mom has an $800k net worth, but most of that money is in her pension savings. When you're a 70 yo old boomer it doesn't make a huge difference whether you have $10MM, $1MM or $500k. Things like having a comfy family, good friends good wife, good health etc. are MUCH more important at that point in life.

Being a millionaire is really only impressive if you're in your 20s. In your 30s I'd say $2.5MM+ is impressive.

[Anonymous No.28223025]

>>28222612
That's not how net worth works.
Net worth = assets + cash - liabilities

[Anonymous No.28223432]

>>28222517
depends of the country
it's always amusing to see you americans call each other "mutts", subtly implying you're not a burger yourself, or that you're more educated than them, and then you go on to make widespread comments about "europe" as a conglomerate when there is in fact more difference between germany and france than there is between germany and the US
i.e., most of france doesn't have retirement plans as you think of them, it is mostly state pensions. and sure enough there are only 700k french millionaires, or 1 in 72 adults, compared to the 1 in 12 adults in burgerland
maybe you're tempted to say that's just the french, surely other countries have it better. to an extent the nordic countries do, but they never reach the same per capita wealth as burgerland. and there are in fact more millionaires in the united states than in all of europe combined

[Anonymous No.28223494]

>>28223025
Thats not how cash works you pajama wearing, Basket-face, Slipper wielding, clype deep bachle, gather uping blate maw, blethering gomeril Jessie, Oaf-lookin' schtooner, Nyaff plookie shan, Milk-drinking Onions-face shilpit, Mim-moothed, sniveling worm-eyed hotten blaugh, vile stoochie, cally-breek tattie!

[Anonymous No.28224122]

>>28221287
Anyone that got in link early is a multimillionaire

[Anonymous No.28224376]

>>28221377
it means you bought a middle class house during the gold standard or a upper middle class house before the 2008 financial coup.

[Anonymous No.28224448]

>>28221287
Indian here. My dad is worth $2M
But his life is still shit because he retired and all his money is in property

"Net worth" is a meme. Cash flow is all that matters

[Anonymous No.28225490]

>>28221287
a mil ain't enough
need at least 2 to retire at 65

[Anonymous No.28225650]

>>28221287
my mom is worth $1M. we are in nyc and not rich. 500k of that is in her apartment, the other 500k is in her 401k.

[Anonymous No.28225982]

>>28224376
>should've bought during the bubble
more like shoulda picked up a property in 2008/2009

[Anonymous No.28226126]

>>28221287
>haperinflation does not exist.
kek. lots of millinaires also happened in the 20s before the crash. read it up.