They're saying "household" remember. If you have ten children, $1.2M can be used up extremely quickly. Lifestyle doesn't matter. You can be extremely wealthy a

They're saying "household" remember. If you have ten children, $1.2M can be used up extremely quickly. Lifestyle doesn't matter. You can be extremely wealthy and live austerely, if you desire. What matters is security, power/influence, and so the ability to pass wealth to further generations.