For example, only 1% of families under 35 are millionaires, but that rises with age. By ages 55-64, 21% of families are millionaires.
This trend is particularly pronounced among college graduates, of whom 45% were millionaires between ages 55-64. That includes 26% of families who become multimillionaires and 11% with a net worth over $5 million. The average college graduate’s net worth is over $2 million now, though as usual this is skewed by those at the very top.
Never Mind the 1%. Mini-Millionaires Are Where Wealth Is Growing Fastest. – WSJ
It comes mostly from working hard, saving, and not wasting money on stuff.
