Explain to me please - how millionaire is "extreme wealth"? Median household income in the US is about 75K. If you retire at 65 and plan to live to 85 (some liv

Explain to me please - how millionaire is "extreme wealth"? Median household income in the US is about 75K. If you retire at 65 and plan to live to 85 (some live longer), you already need over a million to sustain that. That's not counting medical and care costs, and anything you want to live to your kids or charity, and anything you may spend on some fun activities like travel in those 20+ years. So how somebody who has $1M at retirement is "extremely wealthy" and "nobody deserves" it? Surely, I wouldn't call such a person poor, but "extreme" to the point that it implies some kind of deep wrongness that warrants confiscation and other extreme measures? That sounds like complete nonsense. How does it make sense? I know there's social security, and other welfare payments, and various adjustments, but I don't see how these calculations would be so mismatched as to warrant the moniker of "extreme wealth".