Amazing...32% are millionaires... What a bunch of fucking BULLSHIT... Reality is that 1/10th of 1% of the public are considered millionaires, I think... ..
This is some fucked up shit. A few years ago, my friend got hired on at Citadel, they paid this fucker a million dollar sign on bonus. I about shit my pants when I saw this. Note: He has 20 years experience in the industry with a very successful track record.
Im not arguing your basic point, but.... According to most published reports there are something like 9.5 million households in the US with a net worth of 1 mill or more or roughly 7% of all households. Another report I saw recently basically stated that someone in the 40-49 age group needed 500K in Net Worth to be in the top 20% of that age bracket. At 46 I figure I'll need at least 3 mil to retire. I'm not there yet but I don't think of 1 mil as a lot of wealth. I'm surprised so many here seem to.
Most of the people who put down their "wealth" on this poll are dreamers. But you are correct in the need for that amount to retire well.