Let's face it. A million dollars isn't what it used to be. So, if a million dollars isn't what it used to be, why even talk about it?
- 1.7 million Americans became millionaires in 2020 (during the pandemic).
- Almost 92% of us are not and most don't have a plan to get there.
- You will probably earn a million dollars during your lifetime, but if you don't earn a million dollars more than you spend, you will never be a millionaire.
If a million dollars isn't what it used to be, why are there so few millionaires?
(One side note: The US has 39% of the world's millionaires, but only 4% of the world's population.)