Using recent wealth trends, we estimated when the typical American middle-class family could be worth $1 million. 2063, here we come.
Becoming a millionaire is still a steep goal for most Americans, but if wealth continues to grow for the typical family, it's possible that a seven-figure net worth could be relatively common for the middle class in the future. Using data on the wealth of American families from the Federal Reserve, we made a very rough estimation of what could happen if recent trends in wealth growth continued into the indefinite future.
Becoming a millionaire is still a steep goal for most Americans, but if wealth continues to grow for the typical family, it's possible that a seven-figure net worth could be relatively common for the middle class in the future. Using data on the wealth of American families from the Federal Reserve, we made a very rough estimation of what could happen if recent trends in wealth growth continued into the indefinite future.
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