this post was submitted on 02 Aug 2024
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Late Stage Capitalism

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The absurd contradictions of Capitalism (lemmygrad.ml)
submitted 4 months ago by [email protected] to c/[email protected]
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[–] [email protected] 8 points 4 months ago (1 children)

I doubt it's acurate. I find it hard to believe only 1% of the rest of the population are millionaires.

[–] [email protected] 9 points 4 months ago (1 children)

Yeah, or maybe just old, currency devaluated, isn't now just having your own house is like half to entire step to being a millionaire?

[–] [email protected] 7 points 4 months ago

That could be a big factor.

Statista suggests 22.7million people, or 9% are millionaires: https://www.statista.com/topics/3467/millionaires-in-the-united-states/#topicOverview

I wonder how this accounts for family wealth, as well.