Manufacturing American Millionaires in 2024 and Path Ahead for Economic Equity
I had been working in the US for the last three years. One of the best moments to reflect back on this time can be last year 2024. The success of American capitalism, technological leadership, and innovation culture has been responsible for a resounding year for those who aspire to become millionaire or who became millionaire by chan ce last year . The year 2024 marked a historic milestone in American economic history: the number of millionaires in the U.S. grew by an average of 1,000 people a day, representing one of the most rapid pace s of wealth creation in the nation's modern era. The nation outpaced other countries in wealth growth during 2024, with more than 379,000 people becoming U.S. dollar millionaires for the first time, while America's millionaire population totals 23.8 million, the most of any country. It is striking that approximately 40% of the world’s millionaires live in the United States, even though the country has only about 4% of the world’s populat...