There Has Never Been a Better Time to Become a Millionaire

than Today Indeed, we live in a time when the number of

millionaires is growing at a pace faster than any time in human
history. Moreover, the greatest growth in wealth is coming from the
Asian continent. In 2011, the number of millionaire households in
Singapore rose by 14 percent to 188,000. In the same year, that in
China climbed 16 percent to 1.43 million, while that in India saw a
21 percent increase to 162,000, according to a 2012 report from The
Boston Consulting Group. Taking a look at Table 1.1, you can see
that in countries like Singapore (the country where I reside), a
stunning 17.1% of the population is made up of millionaires — the
highest percentage in the world for any country.

But… Not Everyone Is Getting Richer While the number of

millionaires in the world is increasing at a faster pace, the
unfortunate fact is that the disparity between the haves and the have-
nots is also increasing rapidly. While the rich are getting richer, the
poor are also getting poorer. At the same time, the middle class, who
used to be living comfortably in the 1980s –1990s are finding it
increasingly difficult to get by with the income they earn. While
there are increasingly more Ferraris on the road, there are also
increasingly more people who are finding it hard to make ends meet
with the soaring cost of living. Something must be done to stop this
increasing financial disparity in the world. It is sad when 80 percent
of a country’s wealth is concentrated in the hands of the top 10
percent of its population.