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Allison Schrager is a Bloomberg Opinion columnist covering economics. A senior fellow at the Manhattan Institute, she is author of “An Economist Walks Into a Brothel: And Other Unexpected Places to ...
Being a millionaire isn’t what it used to be. This isn’t a lament, it’s a fact: As Bloomberg News reported last week, almost one-fifth of U.S. households have a net worth of more than $1 million.