in #CASE you missed it… May 20th is Be a Millionaire Day!
The first multi-millionaire in the United States was John Jacob Astor (1763 – 1848). Astor made his fortune in trade and later established the first trust in American history. His great-grandson, John Jacob Astor IV, was the wealthiest person aboard the Titanic. And by the way, when adjusted for inflation, here's what a million bucks in today's dollars would have been in:
1950 - $9,708,737.86
1970 - $6,024,096.39
1990 - $1,788,908.77
2010 - $1,071,811.36
2015 - $1,000,000.00
2018 - $990,000.00
For the record 95% of America’s millionaires have a net worth between $1- and $5-million.
Miami Beach's 33109 ZIP code has the highest saturation of millionaires in the United States.
Just 1% of millionaires own a private plane, but 3% own boats.
How’s the “ride?” The most popular vehicle for the well off is the Ford F-150. Jeep Grand Cherokee is next, then the Honda Pilot, Jeep Wrangler…and Honda Civics!
You might think more Republicans are millionaires – not so. More rich Americans identify as Democrat (58%) than Republican (38%).
Nearly 94% of America’s millionaires are married.