/biz/ - Business & Finance

Here’s a great article showing how bad the situation is if you’re NOT millionaire in 2021 (nobody is going to take you seriously):

> According to Spectrem Group’s Market Insights Report, in 2019, there were 9.8 million individuals with a net worth between $1 million and $5 million. There were 1.8 million individuals with net worth between $5 million and $25 million. Finally, 156,000 households (not individuals) had more than $25 million in net worth. In other words, there are roughly 11.8 million millionaires in America, making up roughly 3.5% of the population. This count is at a record high thanks to a long bull market in stocks, bonds, and real estate. I suspect the actual millionaire number is higher due to stealth wealth and plenty of unreported or underreported assets.