How likely are you to become a millionaire? Mom and Dad may have been right: Everyone's chances of wealth increase with more education, the researchers found. T
he odds of becoming a millionaire increase significantly for whites and Asians with each degree they attain, while those same degrees don't have as much of an impact on the chances of Hispanics and blacks.
That's not to say that the discouraging findings are necessarily a predictor of the future, or any kind of guarantee of wealth — or lack thereof.
After all, everyone is facing some odds: CNBC reports that there were about 10.1 million US households in 2014 with investable assets of $1 million or more minus the value of their primary residence. That's just 3%, a tiny slice, of the 318.9 million population.
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