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There are more American millionaires than you imagine. Heck, I bet half the people posting here qualify.

I'm not sure your point, as stated, makes sense.

> There are more American millionaires than you imagine.

Mainly because the word means less-and-less wealth over time, due to inflation. The millionaires of 1959 were easily 6 times wealthier than the millionaires of 2019.

8.69x just by inflationary measures ($8,693,183.39, https://www.dollartimes.com/inflation/inflation.php?amount=1...)

Whoops, I think I intended to write ~1969 to get it to 50 years (and was using a different estimator) but regardless of exact measure, the trend is clear: "Millionaire" has been undergoing continual debasement ever since it was coined around the 1820s, and means objectively different things within different generations.

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