It definitely is upper middle income and I’m not trying to imply otherwise. It’s just crazy to me that millionaires are so much closer to the average American than billionaires and corporations as far as income goes.

Millionaires are definitely still well off but just to make a point: the average value of a US house is $450k. Add to this a $250k retirement fund and you’re already up to 0.7M in net worth.