Make Your Life Better: This Data Shows Your Chances of Becoming a Millionaire, and Race Is a Fa...

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Sunday, January 13, 2019

This Data Shows Your Chances of Becoming a Millionaire, and Race Is a Fa...

Bloomberg went to economists at the St. Louis Federal Reserve with a question: would it be possible to calculate the odds of a becoming a millionaire for anyone in the U.S. weaving in traits such as age, education and race? Having already done extensive research in this area, bank researchers Bryan Noeth, Lowell Ricketts and William Emmons agreed to help. And the data shows just how much race matters in the United States.



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