In the United States today, there are almost 11 million individuals with a net worth of $1,000,000 or more, excluding the value of their primary residence (the figure tops 20 million if you count primary home equity in the calculations). With a population slightly above 300 million, this means that one out of every twenty-five Americans is a millionaire. You might wonder then: Why doesn’t it feel like one out of every 25 people you encounter has that type of wealth?
The short answer is that they don’t want to be noticed, and the media doesn’t want to find them.
Seven out of ten American millionaire households earn less than $200,000 per year. … Read the rest of this article!