NASDAQ in Times Square, New York City, USA.
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Thomas Stanley and William Danko wrote a book entitled:
The Millionaire Next Door … The Surprising Secrets of America’s Wealthy”.
They produced a portrait of who America’s millionaires are and show that by and large these are quiet, understated, self-reliant Americans who are committed to hard work, education, and family.
Their portrait shows that eighty percent of our millionaires are first generation affluent, that less than half received not a cent of inheritance, and only 19% get any income from a trust fund or estate.

Most Americans … 80% … are not self-employed … of those that are, two thirds are our millionaires.

Seventy five percent of these self-employed millionaires are entrepreneurs, and the remaining quarter are self-employed professionals like doctors and accounts.
Sure, we have high profile billionaires in America, however most of our millionaires are the nation’s bread and butter entrepreneurs and small business owners with annual incomes near $250,000.
These are overwhelmingly self-made individuals, by a large founders and proprietors of prosaic businesses like: welding contractors, auctioneers, rice farmers, owners of mobile-home parks, pest controllers, coin and stamp dealers, paving contractors, etc.
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GDP real growth rate in Europe
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With multiple pressures on growth and constrained public finances, Europe needs structural reform even to match past GDP growth rates. Parts of Europe have begun to reform with demonstrable success. If the rest of Europe emulated their best practice, the region could add 4 to 11 per cent to per capita GDP, without cutting holidays and leave.

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Advancing technologies and their swift adoption are upending traditional business models. Senior executives need to think strategically about how to prepare their organizations for the challenging new environment.
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FUYANG, CHINA - OCTOBER 22:  A stall owner sel...
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U.S. multinationals represent less than 1 percent of all U.S. companies, yet they contribute disproportionately to the U.S. economy‘s growth and health in many ways. U.S. MNCs contributed 31 percent of the growth in real GDP and 41 percent of U.S. gains in labor productivity since 1990. Their outsized contributions to productivity growth matter greatly because productivity increases have delivered nearly three-quarters of U.S. real GDP growth since 2000.
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