There are about 330 million people in the US. How many can claim they're worth a million bucks?

Answer: 21,951,000 people (about 6.7% of the population)

Questions:

• Is this a financial goal of yours? Do you think it's healthy to have financial goals like this? Explain.
• Why do you think that most people fall short of achieving this type of goal? What hurdles stand in the way?
• A friend asks you what you think are three key factors to becoming a millionaire. What do you tell them?

Here are the ready-to-go slides for this Question of the Day that you can use in your classroom. 

Behind the numbers (finmasters):

• 21,951,000 people in the U.S. have a net worth of $1 million or more. 
• Among all states, New Jersey has the most millionaire households.
• Only 3% of American millionaires received an inheritance of $1 million or above.
• Real estate makes up about 40% of a typical millionaire’s net worth.
• China, Japan, Germany, the U.K., France, and Australia added together have fewer millionaires than the U.S.
• The typical American millionaire owns just one property (43%).

About the Author

Ryan Wood

Ryan grew up with and maintains a love for learning. He graduated from the University of Wisconsin-Green Bay with a degree in Business Administration and worked in sports marketing for a number of years. After living in Texas, Colorado, Tennessee, and Minnesota, the call of education eventually brought Ryan back to his home state of Wisconsin where he was a Business and Marketing teacher for three years. In his free time he likes to spend time with his wife and daughter, play basketball, read, and go fishing. Now with NGPF, Ryan is excited to help teachers lead the most important course their students will ever take.

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