2 ms·
Yeah, as alluded to, "millionaire" doesn't have the same meaning it used to. Yes, a millionaire is by no means poor or middle-class, but a professional (softwa
by jnbiche 12y ago
Yeah, as alluded to, "millionaire" doesn't have the same meaning it used to. Yes, a millionaire is by no means poor or middle-class, but a professional (software dev, doctor, lawyer) can easily save up a million dollars if they live in a low-cost area or are frugal.
Let's punch it up to people with 10 million or more (which is more in line with what "millionaire" meant in the days of our parents and grandparents) and see how many first-generation are left. Obviously, that data is hard to come by (and frankly, I'm skeptical of the Cato data, just as I'm not citing data here from Citizens for a Fair Economy).