When it comes to fair share, do we expect 6% of Americans to carry the social burden?
Notice the definition does not relate to income. The fact is prudent savers and investors who are upper middle class can accumulate $1 million over a lifetime.
Only 5.8% of the country, or about 7.2 million households, qualify as actual millionaires. To reach that bar, you must have investable assets of $1 million or more, excluding the value of real estate, employer-sponsored retirement plans and business partnerships.