What Are Your Odds of Becoming a Millionaire?

The video discusses a study by economists from the Saint Louis Fed using data from the Federal Reserve Survey of Consumer Finances. It explores how different factors like race, age, and education influence the likelihood of households becoming millionaires. The study highlights racial disparities in wealth accumulation, with Asians and whites having better odds compared to Hispanics and blacks. Factors such as access to loans, homeownership, education, and discrimination are examined. The video also touches on how these odds change with age, showing improvement for Asians and whites but a bleaker picture for Hispanics and blacks.

What trends were observed in the odds of becoming a millionaire as people age?

What is the difference in millionaire odds between Asians, whites, Hispanics, and blacks?