A millionaire is an individual who resides in a household whose net worth or wealth exceeds one million units of any currency. It can also be a person who owns 1 million units of currency in one 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 many. The status of millionaire, however, is no longer as exclusive as it once was.Marlys Harris. [LINK: http://money.cnn.com/magazines/moneymag/moneymag_archive/2007/07/01/100116670/] How to marry a billionaire. Money Magazine. June 21, 2007. The increasing number of millionaires is partially due to inflation: a million U.S. dollars, for example, provides far less purchasing power today than it did in the 19th century. Nevertheless, it still ensures a privileged lifestyle for those becoming millionaires. American sociologist Leonard Beeghley classifies all househ

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