[Newlaptop]

Journalists really need to stop using "millionaires" when they mean billionaires, centi-millionaires and deca-millionaires.

About 1 in 5 American households are millionaires.

"Millionaire" as a label is mostly describing mundane middle-aged, middle-class people who have spent a few decades paying down a mortgage and saving 5-10% of their salary into their 401k. As a group, they pay both the highest percent of their income in taxes and their taxes are the largest share of the federal budget. It shouldn't be used to mean "rich" the way it would have in the 1960s.