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Americans see $1 million as long shot

Dani Johnson’s 12 Laws of success

Updated: November 10, 2011 2:03PM

About 2 in 10 Americans believe they will be a millionaire — a small showing of optimism compared to Australians, but downright cheery next to Britons when asked about becoming wealthy in the next ten years, according to a new Associated Press-CNBC poll.

In all three countries, more than seven in 10 of those surveyed said they were unlikely to become millionaires in the next decade.

The results reflect the psychic toll that the worlds’ economic troubles have taken on the aspirations of individuals. Solid majorities of can-do Americans — 61 percent — and Britons — 63 percent — say it’s extremely or very difficult for their countrymen to become millionaires today.

In reality, the United States leads the world in millionaires, more than 5.2 million of them in 2010, or nearly one in every 20 households, according to The Boston Consulting Group’s latest annual global wealth report. Great Britain had 570,000 millionaires, or about one in every 45 households. Australia had 133,000 or about one in every 60 households, but that’s an increase of 35,000 over the previous year.


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