Back in 1961 I wrote in my high school class yearbook that I would be a millionaire by age 45; I didn’t make it. In fact, to meet my goal as of 2016 that million would be equal to about $7.5 million; I didn’t make that either.
Today being a millionaire is not a big deal if you use the traditional definition of millionaire which is net assets, not counting your home, of one million dollars. One out of every 15 U.S. households has at least $1 million in assets.
Now if you say being a millionaire is earning one million dollars a year or more, only one in every 400 U.S. households makes more than $1 million a year (which includes multiple earners in the household).
What’s the obsession with millionaires? Only because the political left throws the term around these days as if it were a four letter word. Millionaires and billionaires are the cause of all our problems we are told. If a student today wrote in their yearbook what I did back in 1961 they probably would get suspended🙄
Striving to achieve financial success and security is not a bad thing and neither is achieving that to a greater extent than average. Millionaires and billionaires are not keeping your income low or your success from you.