Millionaire - a person whose wealth amounts to a million or
Originally Posted by Speed Daemon
That's your opinion. I didn't make the new definition But considering how many people in the US are worth $1,000,000 or more, and how inflation has made the million-dollar milestone less of a big deal, I don't find any reason myself to ridicule the new definition.
more in some unit of currency, as dollars.
That's not my definition, that's dictionary.com's definition. There are (according to Boston Consulting Group) 5.1 million households with a net worth of over a million dollars. That's out of about 132 million households in the US (2012 census). By my math, that's about 4% of US households are millionaires. That's not a huge percentage at all no matter how you look at it. The definition of millionaire has always been based on net worth. There is a reason for that. Wealth doesn't necessarily have any correlation with earning.