Is the Millionaire Next Door Really Dead?
Hiltzik and The Baffler’s Helaine Olen pointed out that some of those conditions no longer exist. Today’s would-be Millionaire Next Door would likely graduate from college with a mountain of student loan debt, leaving him with little extra money to start a business and a strong incentive to stay in the cubicle farms. Low inflation, a booming stock market, and high real estate values also make it difficult for working stiffs to accumulate income earning assets.
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