QoD: What number of millionaires are there in the US?


There are about 340 million individuals within the US. What number of can declare they’re price 1,000,000 bucks?

Reply: 22,710,000 individuals (about 6.7% of the inhabitants)

Questions:

  • Is that this a monetary objective of yours? Do you suppose it is wholesome to have monetary objectives like this? Clarify.
  • Why do you suppose that most individuals fall in need of attaining one of these objective? What hurdles stand in the best way?
  • A good friend asks you what you suppose are three key components to turning into a millionaire. What do you inform them?

 

Listed here are the ready-to-go slides for this Query of the Day that you need to use in your classroom. 

 

Behind the numbers (finmasters):

  • 22,710,000 individuals within the U.S. have a internet price of $1 million or extra. 
  • Amongst all states, New Jersey has essentially the most millionaire households.
  • Solely 3% of American millionaires obtained an inheritance of $1 million or above.
  • China, Japan, Germany, the U.Okay., and France, added collectively, have fewer millionaires than the U.S.
  • The standard American millionaire owns simply one property (43%)

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Need to present your college students the ability of compounding and the way to make turning into a millionaire a actuality? Take a look at NGPF’s Investing unit!

 

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NGPF’s Digital PD may help be sure that your content material information is in control as you talk about these necessary subjects along with your college students!

 

About
the Creator

Dave Martin

Dave joins NGPF with 15 years of instructing expertise in math and pc science. After becoming a member of the New York Metropolis Instructing Fellows program and incomes a Grasp’s diploma in Schooling from Tempo College, his instructing profession has taken him to New York, New Jersey and a summer season within the north of Ghana. Dave firmly believes that monetary literacy is important to creating well-rounded college students which can be ready for a fancy and extremely aggressive world. Throughout what free time two younger daughters will permit, Dave enjoys video video games, Dungeons & Dragons, cooking, gardening, and taking naps.


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