Being a millionaire does not include you in the top 1% these days: http://www.cleveland.com/business/index.ssf/2016/03/us_millionaires_club_adds_3000.html http

Being a millionaire does not include you in the top 1% these days: http://www.cleveland.com/business/index.ssf/2016/03/us_millionaires_club_adds_3000.html http://www.cleveland.com/business/index.ssf/2016/03/us_milli... "More than 10 million U.S. households have a net worth of $1 million or more, a record high representing nearly 9 percent of all households in the country. That may sound like a small percentage, but it's one in 11 households. Instead of leading an extravagant life filled with luxuries and indulgences, a millionaire could be in your neighborhood." To be in the top 1%, you need to have a net worth somewhere between $5M - $25M (1.2 million households out of 124 million in the US)