How does the market keep levitating?

The number of U.S. dollar millionaires has risen sharply since the beginning of the 21st century.

In 2000, there were 14.7 million millionaires worldwide, a fourfold increase in twenty years (300 percent). If we compare this figure with the fight against extreme poverty, the number of people below the global poverty line – which today stands at $2.15 a day – has declined at a much slower rate. At the turn of the century, there were 1.7 billion people living in extreme poverty, compared with around 700 million today, a drop of around 60 percent.

The United States is home to by far the largest contingent of dollar millionaires: 22.7 million in 2022, representing 6.7 percent of the country’s population. Next on this list is¬†China¬†with 6.2 million (0.4 percent of the population), while France completes the podium with 2.8 million (4.2 percent of the population).

https://www.statista.com/chart/30671/number-of-millionaires-and-share-of-the-population/

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