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by horrified 1779 days ago
In my country (Germany) afaik a little over 10% of the population are at least millionaires. So I think the likelihood to have a millionaire living next door is quite high.
3 comments

Anecdotal (but nevertheless true): I have (at least) two millionaire neighbours (less than 3 doors/gates away). Both won the lottery - one euromillions and one national lotto draw.

And if we are talking average income, then everyone on this side of the village is a millionaire simply because of those two. However, most of the rest of us seem to struggle daily.

I think almost all my neighbors are 'millionaires' but 90% have median incomes for the city. Their net worth is just their house.
There is some chance that the bank owns their house, or at least some sizeable fraction of it. Mortgages are more common than houses that are paid off.
Why shouldn't the house count, though?
It is actually about 1.6% of the population
Seems I misremebered it, thanks. I found two different estimates right now, too, one for ~1.6%, one for ~0.4%.

Sometimes real estate the owners live in themselves is not counted?

With 1.6% the odds of having a millionaire neighbor would still be high.