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The secret to being a millionaire could be a university degree

By South Wales Evening Post  |  Posted: May 17, 2014

The secret to getting rich has been revealed

The secret to being a millionaire has been revealed – and it involves hard graft.

One in five graduates who hold at least one university degree go on to become a millionaire, the Office for National Statistics say.

They say 20 per cent of those who complete a degree or other higher education, are worth £1 million or more.

But it can take a while for that degree to pay off - the under-35s were most likely to live in households with the lowest total wealth.

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That contrasts with three per cent of people who are millionaires who have no formal qualifications.

Universities minister said that shows going to Uni is still valuable – despite rising tuition fees.

Married men and women were the most likely to live in households worth £1 million or more, the study also says.

Since 2006/8 to 2010/2 household wealth in Wales has risen 4.2 per cent.

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