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What's their definition of "millionaire"? Thanks to inflation it is now possible to become one just by virtue of having a household of two white collar workers,
by 988747 5y ago
What's their definition of "millionaire"? Thanks to inflation it is now possible to become one just by virtue of having a household of two white collar workers, each making 150k annually, no kids, no cars - after a decade or two you cross 1M USD net worth.
I think it is helpful to define "millionaire" in 1920s dollars ($20M today)
- lukas099 5y agoIt's been a long time since I've read the book, but I remember the average millionaire household they surveyed only having a single income of $70k or something.