Average Millionaire Doesn't Hit Seven Figures Until Age 49 According to Ramsey Study

What was said

"We found the average millionaire in our millionaire study, over 10,000 were studied. The average age when someone hit millionaire status was 49 years old. So people who go, George, it's too late for me, man, I'm 35 and I thought I was going to have $1 million by now. Well, the average actual millionaire who's done it doesn't get there till 49."

Campbell cited a Ramsey Solutions study of over 10,000 millionaires showing the average person doesn't reach millionaire status until age 49, offering reassurance to younger people worried they're behind. The data contradicts social media narratives pushing early wealth accumulation and suggests that steady, disciplined saving over decades is the more realistic path to seven-figure net worth.