Group 1: Global Wealth Distribution - In 2024, there are 23.4 million millionaires globally, with the US leading at 7.9 million, followed by Japan with 3.99 million, and China with 1.5 million [1] - The wealth distribution among these countries reveals stark economic realities and social disparities [1] Group 2: Japan's Economic Challenges - Japan has the highest proportion of millionaires globally, with one in every 30 people being a millionaire, but faces significant economic challenges [3] - Rising prices, including a 44.7% increase in rice prices, have led to the highest Engel coefficient in 42 years, indicating increased financial strain on households [3][5] - 27% of Japanese households have zero savings, highlighting a severe wealth gap despite the apparent prosperity of the stock market [5] Group 3: US Wealth Dynamics - The US has 7.9 million millionaires, with an increase of 560,000 in 2024, averaging over 1,000 new millionaires daily [6] - High inflation is eroding the purchasing power of American millionaires, with their actual purchasing power being half of what it was 30 years ago [8] - Wealth distribution is highly unequal, with the top 10% holding 71% of the wealth, while the bottom 50% share only 2.5% [8] Group 4: China's Wealth Landscape - China has 1.5 million millionaires, which is only 19% of the US total, but the purchasing power of the yuan presents a different wealth scenario [9] - Beijing has 728,000 affluent families, representing 15% of the ultra-high-net-worth population in China [9] - Despite a 1% decrease in the total number of millionaires in 2024, the total wealth increased by 2.4%, with an average of 380 new millionaires daily [9] Group 5: Future Wealth Outlook - The US wealth advantage is closely tied to dollar hegemony, with potential risks if countries reduce their reliance on US debt [10] - Japan faces challenges from import dependency and an aging population, which could reduce its millionaire count [10] - China's strong internal growth and rising valuations in tech sectors suggest a robust future for its wealth distribution, especially in first-tier cities [10]