Chapter 1-Millionaires and Education


When it comes to education, the vast majority of Millionaires have earned a college degree.

According to the Next Millionaire Next Door, here are the statistics by education level:

  • High School Diploma: 4%
  • Associates Degree/Some College: 2%
  • College Degree (4-year): 36%
  • Graduate Degree: 58%

That means that 94% of ALL millionaires in the US in 2016 had at least a 4-year bachelor’s degree.

Where did they go to school? Harvard and Yale? Actually, no. The majority attended public colleges:

  • Private College/University: 30%
  • Public College/University: 55%
  • Both: 15%
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