The number of Americans with seven-figure retirement accounts has reached an all-time high, yet many of these newly minted millionaires say they still clip coupons and avoid delivery fees. The contradiction raises an uncomfortable question: if a million dollars no longer guarantees a millionaire lifestyle, what does it actually take?
For savers still far from that milestone, the surge in 401(k) millionaires can feel more like a taunt than inspiration. Record stock gains and consistent contributions have pushed hundreds of thousands into the seven-figure club, but crossing that line offers more relief than luxury.
