There are about 340 million people in the US. How many can claim they're worth a million bucks?

Answer: 22,710,000 people (about 6.7% of the population)

Questions:

• Is this a financial goal of yours? Do you think it's healthy to have financial goals like this? Explain.
• Why do you think that most people fall short of achieving this type of goal? What hurdles stand in the way?
• A friend asks you what you think are three key factors to becoming a millionaire. What do you tell them?

Here are the ready-to-go slides for this Question of the Day that you can use in your classroom. 

Behind the numbers (finmasters):

• 22,710,000 people in the U.S. have a net worth of $1 million or more. 
• Among all states, New Jersey has the most millionaire households.
• Only 3% of American millionaires received an inheritance of $1 million or above.
• China, Japan, Germany, the U.K., and France, added together, have fewer millionaires than the U.S.
• The typical American millionaire owns just one property (43%)

About the Author

Dave Martin

Dave joins NGPF with 15 years of teaching experience in math and computer science. After joining the New York City Teaching Fellows program and earning a Master's degree in Education from Pace University, his teaching career has taken him to New York, New Jersey and a summer in the north of Ghana. Dave firmly believes that financial literacy is vital to creating well-rounded students that are prepared for a complex and highly competitive world. During what free time two young daughters will allow, Dave enjoys video games, Dungeons & Dragons, cooking, gardening, and taking naps.