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%