Your Chances Of Becoming A Millionaire By Race, Age, And Education

The chart says that the more education you receive, the higher your chance of becoming a millionaire across all races. Makes sense since high paying jobs often require higher levels of education e.g. lawyer, doctor, executive management, and scientist. The chart says that for Asians with a Bachelors degree, the probability of millionaire status is roughly 17%. For Hispanics with a Master’s degree, the chance for millionaire status is roughly 11%.

The statistic that jumps out the most is the 37% probability a White person with a Master’s degree becomes a millionaire. 37% looks incredibly high compared to every other percentage in the chart. If I was a White person, a Master’s degree is exactly what I’d get. Maybe just not one in History or Journalism.

What I’m also surprised about is the low level of probability for Hispanics and Blacks to become millionaires even with a Master’s degree.

Financial Samurai

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