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Originally Posted by ianch99
You might not refer to this in this way but it is a common definition:
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A millionaire is an individual whose net worth or wealth is equal to or exceeds one million units of currency.
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Did you even read it ?
The whole point is that is not how they are defining it.
Their definition is an individual who lives in a household whose total value is over a million.
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.. where the main householder (the person responsible for household finances) is over 65, have a household wealth of over a million pounds.
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They even give you a simple example which you ignored.
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So a household with two 70-year-olds and a combined wealth of a million pounds would fall into these millionaire categories
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Each could be "worth" £550,000, not millionaires.