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Originally Posted by TheIronStar  I think you might be looking to ask a different question, like "How much does it take to enjoy the lifestyle, positional socioeconomic status, relative freedom from money worries over a length of time comparable to a lifetime, and/or other effects of possessing money that were once associated with millionaires in the past?" |
I fully agree with you that this is how the question should have been formulated... however, not too long ago, a poster who seemed to know what he was talking about was telling us that, if we had any hope of being understood by the average Joe our sentences should not contain anymore than 28 words... yours has 41...
However, to get back on topic... fifty years ago, I would estimate that the annual salary was roughly $5,000 and today it would be around $35,000... which is a seven fold increase... so, by that standard, today's millionaires need at least $7,000,000 in order to be considered the "typical millionaire..."
However, after talking with some very "well off" people, I have found that they consider $20,000,000 to be the breaking point to be considered a "millionaire..."
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