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| What do you use the Internet
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| Asked by:
Anonymous on Jan-16-2008 15:03:18 | |
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| Answer
1 Contributor: prophetess on May-02-2008 12:12:31 |
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Recommend prophetess ] Trust Points: 1 |
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A millionaire (originally and sometimes still millionnaire) is an individual whose net worth or wealth exceeds one million units of currency. It can also be a person who owns one million units of currency in a bank account or savings account. Depending on the currency, a certain level of prestige is associated with being a millionaire, which makes that amount of wealth a goal for some, and almost unattainable for others .
The increasing number of millionaires is partially due to prevailing economics: Increasingly, the term denotes more and more to the status of high wealth. American sociologist Leonard Beeghley classifies all households with net worth exceeding $1 million as "The Rich." Currently, there are over 9 million residents around the globe classified as millionaires. |  Report
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