Not too long ago, earning a title millionaire was an incredible feat, but today there are an estimated 8.4 million Americans alone who have investible assets worth at least $1 million. But achieving billionaire status is seldom accomplished today – only 413 Americans can currently claim the title. Of course, inflation is certainly a culprit in the rise of the number of millionaires and billionaires alike; but the facts are plain – billionaire is the new millionaire!
“Money can’t buy you happiness, but in many cases it certainly doesn’t hurt.” writes FastCompany’s JD Rucker. “Particularly in capitalist economies, the accumulation of wealth is a primary life goal for many adults. We want to be happy. We want to be worry-free. We want to live the ‘easy life.'”
However, with 8.4 million American millionaires, is it really a worthy goal? Check out the infographic below to see the history of billionaires and find out how long it would take you to become a billionaire with just $10,000 in hand. Tell us your thoughts in the comments below. [Credit Sesame via Fast Company]