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Originally Posted by SleazyDream
i didn't say i wan't happy with my income - but there are over a million millionaires in the usa alone- so i think your numbers are off.
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The term "millionaire" is very loosely defined in the stat you quoted S, particularly due to rising home values and home equity appreciation the last decade. By that definition, everyone on my block is a millionaire.
But how many of them are netting a pretax 7-figure post-expenses income each year? None. That's the difference. There may be a "million millionaires" in the US alone, but how many are liquid? 1/100th at best.