New Study Says You Have Almost No Chance To Become A Millionaire Living In Maine
Fresh off of lottery fever for everyone across the state of Maine comes the details of a new study that suggests that the lottery may be one of the few ways you can actually become a millionaire by living in the state of Maine. Because if you're earning just a median income, there's almost zero chance you'll get there.
According to GoBankingRates.com, people in the United States believe that having at least $1 million dollars in the bank constitutes being "rich". The website decided to do a detailed breakdown of the average income in each state, plus average expenses and then calculate how many years it would take for someone to achieve millionaire status in their bank account. You ready for the results for Maine?
103 years. That's right, if you worked an average job, making average money, and payed average bills, it'd take you 103 years to see seven digits in your bank account. The website also calculated another number, if you made average investments along the way. Even with that added income, it would still take you 98 years to achieve millionaire status.
Maine was the 3rd worst state in the country in the findings. So if you're planning on becoming a high-roller, living that Boardwalk life, Maine probably isn't the state for you.