You may have noticed that being a millionaire is not the sign of real wealth anymore. To be actually wealthy, you need to be a billionaire or at least half-billionaire. Honestly, a middle class person approaching retirement is supposed to be worth a million just to expect to maintain their middle class lifestyle through retirement and into death. Otherwise either their children or the government supports them, probably at a vastly reduced lifestyle.
On top of what else is said, it perpetuates the ridiculous Republican idea that we can all be millionaires one day.
You may have noticed that being a millionaire is not the sign of real wealth anymore. To be actually wealthy, you need to be a billionaire or at least half-billionaire. Honestly, a middle class person approaching retirement is supposed to be worth a million just to expect to maintain their middle class lifestyle through retirement and into death. Otherwise either their children or the government supports them, probably at a vastly reduced lifestyle.