Odds of dating a millionaire
If I were to guess the exact percentage of Financial Samurai readers who become millionaires in their lifetimes, I would say 65%.It doesn’t sound like a huge amount until you read the data below.Therefore, one may hypothesize that Asians and Whites make up a greater representation of investors in stocks, bonds, and real estate.The slope difference between races is why there’s been such a rally cry for Hispanic and Black diversity in industries such as tech and finance. So if all Google has are White people as managers, it will be harder for non-Whites to get ahead.For Hispanics with a Master’s degree, the chance for millionaire status is roughly 11%.The statistic that jumps out the most is the 37% probability a White person with a Master’s degree becomes a millionaire.
What are their chances of living the champagne dream and caviar lifestyle?
There is also no uproar about diversity in the military, where the majority of service people are male.
Hopefully those who fight for diversity are willing to fight for diversity across the board, not just at places which pay the most money.
I suspect the actual number is higher due to stealth wealth and plenty of unreported or underreported assets.
But if you happen to be born into one of the millionaire families, then the chances are extremely high you will also become a millionaire thanks to an inheritance or a living trust.