Mr. Patterson is 57 years old. His annual household income is $500,000. He has been married to the same woman most of his adult life. He doesn't spend much on clothing. According to research, how is Mr. Patterson different from the typical American millionaire?

Question

Quizplus · Accepted Answer

The typical American millionaire often has a household income lower than $500,000, as many millionaires accumulate wealth through savings and investments rather than high income.

Mr Patterson Is 57 Years Old