#FOMCMeeting The purchasing power of American millionaires is half of what it was 30 years ago

The traditional perception of a millionaire as a person with unlimited wealth no longer corresponds to reality in the USA, despite a record number of people achieving this status. There are now 23,931,000 millionaires in the USA, and this increase is explained by inflation, rising housing costs, and active participation in the stock market. Financial experts note that a million dollars today provides financial security, but is not a 'golden ticket' to luxury, as the purchasing power of $1 million has significantly decreased compared to 30 years ago. Being a millionaire in the USA means