Re: Distinctions between Millionaires and the Middle Class
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8.9% of Americans are millionaires.
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There is no way this number is right. But I do agree, a million ain't much anymore. In fact there was a show on the other day that said 5M is the new 1M. So what we used to call in, say, the '80's "millionaires", we should now only refer to people with at least 5 million as "millionaires". That doesn't make sense but whatever.
I agree with all the points in the OP. I'd also say Middle Class puts value on things like cheap plastic possesions, while millionaires value things like ownership of increasing assets and peace of mind.
Millionaires are long-term idea people, middle class is..."HEY LOOK AT THAT COOL GADGET IN RADIO SHACK! I have $50 left from my paycheck, I'm gonna get it!"
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