[quote=AN][quote=flyer]We’ve all had our financial ups and downs, but what’s interesting about all of the different possible paths to wealth people are pursuing (as mentioned in all of the recent posts) is that (per the stats) we aren’t seeing MORE people with a HIGHER net worth–that number is stagnant, and even declining.
As time goes on, it will be interesting to watch those stats, to see if they move upward or not for younger generations–because, in IMO–that’s the bottom line.[/quote]
I wouldn’t call it stagnant. It declined when compare to the peak of 2006 bubble, but it’s well above 10 years ago: http://taxfoundation.org/article/who-are-americas-millionaires.%5B/quote%5D
Interesting article AN. If there are more millionaires than 10 years ago, that might be relative to the fact that there are also more people in the workforce, so the “net” might be about the same.
The section on “Millionaire Status Fleeting” was my favorite part of the article, and so very true. Many who are millionaires at 40 are not able to sustain that status for the balance of their lives–which is what really matters.
