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Being a millionaire isn’t really that much of an accomplishment anymore, unless you’re talking about hundreds of millions. For most people just owning a house, having a good retirement fund, and a couple of other assets/investments (cars, a small business, some stocks, etc) puts them over $1 million. A lot of middle class grandparents are in that tier, especially in Massachusetts.
It’s for people with annual incomes over $1 million. An article I saw says there’s about 16,000 such people in Massachusetts raising $1.3 billion in 2023.
Being a millionaire isn’t really that much of an accomplishment anymore, unless you’re talking about hundreds of millions. For most people just owning a house, having a good retirement fund, and a couple of other assets/investments (cars, a small business, some stocks, etc) puts them over $1 million. A lot of middle class grandparents are in that tier, especially in Massachusetts.
It’s for people with annual incomes over $1 million. An article I saw says there’s about 16,000 such people in Massachusetts raising $1.3 billion in 2023.
Okay, that makes more sense. With inflation over the past few years, a million dollar networth isn’t a lot, but a million dollar income definitely is.