Why doesn't Japan have alot of millionaires like other developed

[bizboy]

Countries with the Most Millionaires

Half of the world’s millionaires live in America, Germany, UK, China or Canada.

1. United States … 3,000,000 millionaires (29.7% of worldwide millionaires)
2. Germany … 826,000 millionaires (8.2%)
3. United Kingdom … 495,000 millionaires (4.9%)
4. China … 415,000 millionaires (4.1%)
5. Canada … 274,000 (2.7%)
6. Australia … 172,000 (1.7%)
7. Brazil … 143,000 (1.4%)
8. Russia … 136,000 (1.3%)
9. India … 123,000 (1.2%).

Millionaire Wealth Statistics by Country: Marketers Target Where Millionaires Live Not Who Millionaires Are

It's odd not seeing Japan second or third place with the amount of millionaires, I don't understand why Japan is not even in the top 9 since they do have the second largest economy in the world.

Why doesn't Japan have alot of millionaires like other developed economies?

 

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[Peter2]

Re: Why doesn't Japan have alot of millionaires like other develo

Why doesn't Japan have alot of millionaires like other developed economies?

They do. Find a different source. Japan should be high up on that list.
The person making that list forgot to include Japan.

 

[bizboy]

Re: Why doesn't Japan have alot of millionaires like other develo

Found a new source.

No. 1: U.S.

Total millionaire households: 4,585,000
Change in 2005-06: +10%
Growth rank: 13 (of 15)

Total population: 301,139,947

Total $100 million+ households: 2,300 (rank: 1)
Change in 2005-06: +7%
Growth rank: 14

No. 2: Japan

Total millionaire households: 830,000
Change in 2005-06: +7%
Growth rank: 15

Total population: 127,433,494

Total $100 million+ households: 1,300 (rank: 2)
Change in 2005-06: +6%
Growth rank: 15

No. 3: Britain

Total millionaire households: 610,000
Change in 2005-06: +30.5%
Growth rank: 3

Total population: 60,776,238

Total $100 million+ households: 810 (rank: 3)
Change in 2005-06: +25%
Growth rank: 4

No. 4: Germany

Total millionaire households: 350,000
Change in 2005-06: +21%
Growth rank: 10

Total population: 82,400,996

Total $100 million+ households: 620 (rank: 4)
Change in 2005-06: +18%
Growth rank: 10

No. 5: China

Total millionaire households: 310,000
Change in 2005-06: +39%
Growth rank: 1

Total population: 1,321,851,888

Total $100 million+ households: 180 (rank: 13)
Change in 2005-06: +74%
Growth rank: 1

No. 6: Italy

Total millionaire households: 270,000
Change in 2005-06: +19%
Growth rank: 11

Total population: 58,147,733

Total $100 million+ households: 530 (rank: 5)
Change in 2005-06: +18%
Growth rank: 12

No. 7: France

Total millionaire households: 265,000
Change in 2005-06: +24%
Growth rank: 7

Total population: 63,713,926

Total $100 million+ households: 260 (rank: 9)
Change in 2005-06: +19%
Growth rank: 9

No. 8: Taiwan

Total millionaire households: 220,000
Change in 2005-06: +13%
Growth rank: 12

Total population: 22,858,872

Total $100 million+ households: <140
Change in 2005-06: NA

No. 9: Switzerland

Total millionaire households: 205,000
Change in 2005-06: +25%
Growth rank: 6

Total population: 7,554,661

Total $100 million+ households: 300 (rank: 8)
Change in 2005-06: +20%
Growth rank: 7

No. 10: Brazil

Total millionaire households: 190,000
Change in 2005-06: +30.4%
Growth rank: 4

Total population: 190,010,647

Total $100 million+ households: 210 (rank: 10)
Change in 2005-06: +27%
Growth rank: 2

No. 11: Netherlands

Total millionaire households: 145,000
Change in 2005-06: +27%
Growth rank: 5

Total population: 16,570,613

Total $100 million+ households: 200 (rank: 11)
Change in 2005-06: 22%
Growth rank: 6

No. 12: Belgium

Total millionaire households: 135,000
Change in 2005-06: +23.6%
Growth rank: 8

Total population: 10,392,226

Total $100 million+ households: <140
Change in 2005-06: NA

No. 13: Australia

Total millionaire households: 135,000
Change in 2005-06: +22%
Growth rank: 9

Total population: 20,434,176

Total $100 million+ households: 150 (rank: 14)
Change in 2005-06: +20%
Growth rank: 8

No. 14: Spain

Total millionaire households: 125,000
Change in 2005-06: +32%
Growth rank: 2

Total population: 40,448,191

Total $100 million+ households: 330 (rank: 7)
Change in 2005-06: +24%
Growth rank: 5

No. 15: Canada

Total millionaire households: 110,000
Change in 2005-06: +8%
Growth rank: 14

Total population: 33,390,141

Total $100 million+ households: <140
Change in 2005-06: NA

Countries with the Most Millionaire Households - BusinessWeek

 

[Rawr]

Re: Why doesn't Japan have alot of millionaires like other develo

The billionaires list is also interesting, I might be wrong but Russia should be #2

 

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[ChrisS417]

Re: Why doesn't Japan have alot of millionaires like other develo

No. 5: China

Total millionaire households: 310,000
Change in 2005-06: +39%
Growth rank: 1

Total population: 1,321,851,888

Total $100 million+ households: 180 (rank: 13)
Change in 2005-06: +74%
Growth rank: 1


This one is both interesting and disturbing

 

[hakrjak]

Re: Why doesn't Japan have alot of millionaires like other develo

This is why anybody who tells you the USA is not the richest country in the world doesn't know what they are talking about.... Good stuff!

- Hakrjak

 

[AlwaysCurious]

Re: Why doesn't Japan have alot of millionaires like other develo

Well, taking the BusinessWeek figures and regarding the total poulation you have to consider Switzerland as the richest country.

But anyway, these "statistics" differ a lot, as well as their definition of a millionaire I guess.

 

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[bizboy]

Re: Why doesn't Japan have alot of millionaires like other develo

No. 5: China

Total millionaire households: 310,000
Change in 2005-06: +39%
Growth rank: 1

Total population: 1,321,851,888

Total $100 million+ households: 180 (rank: 13)
Change in 2005-06: +74%
Growth rank: 1


This one is both interesting and disturbing

Why disturbing?

 

[stillworkin]

Re: Why doesn't Japan have alot of millionaires like other develo

Why disturbing?

Out of 1.3 billion people, only 300K are millionaires. That's terrible. It seems as if nobody wants to achieve in that country. That's why it's disturbing.

 

[ChrisS417]

Re: Why doesn't Japan have alot of millionaires like other develo

Its disturbing because there are so few millionaires compared to their population. I don't think it is because the people lack desire but the way the country is run which creates more barriers to success. The Beijing Olympics are probably going to open up the world to what is going on over there. I mean they are limiting internet access! That alone is a huge hurdle to anyone with a plan for success based on the internet.

 

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[RealOG]

Re: Why doesn't Japan have alot of millionaires like other develo

That's Communism hard at work!

 

[Kung Fu Steve]

Re: Why doesn't Japan have alot of millionaires like other develo

That's Communism hard at work!

:iagree:

 

[Z5 FILMS]

Re: Why doesn't Japan have alot of millionaires like other develo

Why disturbing?

Out of 1.3 billion people, only 300K are millionaires. That's terrible. It seems as if nobody wants to achieve in that country. That's why it's disturbing.

I find it more disturbing that you're 30 years old and have absolutely no idea what Communism is. 12 year old work 90 hour work weeks there. How many 12 year old here even work at all? Maybe we are just lazy?

 

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[PEERless]

Re: Why doesn't Japan have alot of millionaires like other develo

LOLz to this line of dialog!

This one is both interesting and disturbing

Why disturbing?

It seems as if nobody wants to achieve in that country.

That's Communism hard at work!

Many people are in poverty because they're stuck in rural areas due to policy, not because they're lazy.

I find it more disturbing that you're 30 years old and have absolutely no idea what Communism is.

Some really uneducated and bigoted remarks there. And some intelligent ones...

JEEZ! As I've pointed out before, "China is going through Iron Age, Industrial Age, and Information Age all at once in various parts of it's geography! The civilization that pops out at the end will be like nothing the world has ever seen!" See also
Why China is the REAL Master of the Universe

 

[bizboy]

Re: Why doesn't Japan have alot of millionaires like other develo

It's not disturbing, China has only been opened up for 30 years therefore they had a late start, the Chinese economy is rising fast and will be the richest country by 2025 overtaking United States, while the growth of millionaires in USA is around 4-5% per year but in China it's rising about 18-23% per year which China will overtake USA with most number of millionaires.

While in United States is a developed economy, the millionaires growth is slow but China is a developing economy therefore new industries are being developed and expanded which is why the number of millionaires will keep on rising at a faster rate then USA.

Also, while the USA new car sales decline but in China they are rising 25% per year.

I think China is all about capitalism, they all want good lives like we do here in the states.

 

[PEERless]

Re: Why doesn't Japan have alot of millionaires like other develo

^Well said! It's not like Communism broke the spirits of the population. The young people of the metropoli are just as driven as you and me, and China will be a Juggernaut -- sooner than 2025, I think.

 

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[hatterasguy]

Re: Why doesn't Japan have alot of millionaires like other develo

Being a millionaire really isn't that impressive anymore. Heck most of the people I hang out with are in that group and its like meh. They are just normal people, its not like you can live a crazy life style or stop working. You can get some nice toys thats about it.

Now if you have $100m+ thats impressive!

Around here its pretty commen, and I'm just in CT. Heck my good friend blew about $2m in 5 years racing his sailboat LOL. He had a blast, though.:cheers: