National Be A Millionaire Day

National Be a Millionaire Day is a holiday that taps into all of our hopes and dreams. Everyone who isn’t currently worth more than a million dollars has probably dreamed of joining the exclusive ranks of those who are. And while that might not be possible for everyone, this is the one day of the year when we can all dream about it.

It’s also a good day for people to start planning how they’re going to make that big stack of dollar bills. So, anyone who wants to turn their dreams into a million dollars might want to celebrate this holiday on May 20th each year.

Interesting Facts About Millionaires

Okay, now that we’ve covered the basic premise of this holiday, it’s time to turn our attention to some of the facts we’ve gathered about millionaires. In the end, anyone who wants to be a millionaire should know something about them. Don’t you agree?

  • The average millionaire goes bankrupt 3-4 times during their life.
  • Only about 1 out of every 855 people are millionaires.
  • A new millionaire is “minted” every 60 hours.
  • Half of all millionaires own their own business or are self-employed.
  • Only 20% of millionaires retire. 80% of them continue to work.
  • At the turn of the 20th century, there were only 5,000 millionaires.
  • As of 2021, there were more than 56 million millionaires in the world.
  • As of 2021, 21.9 million millionaires lived in the United States.
  • The average millionaire doesn’t become one until the age of 54.

Observing National Be A Millionaire Day

While it’s perfectly okay to celebrate this holiday by just dreaming about being a millionaire, many people will try to make that dream a reality. One way that can be done is by working towards saving more money than you spend.

People can also ensure that they are investing their money wisely. And while they’re working towards that first million, people should use the hashtag #NationalBeAMillionaireDay on their social media accounts.

When is it?
This year (2024)
May 20 Monday
Next year (2025)
May 20 Tuesday
Last year (2023)
May 20 Saturday