The Middle-Class Millionaire
By Russ Alan Prince and Lewis Schiff
The Rise of the New Rich and How They Are Changing America. Sandwiched between the rich and the middle class are 8.4 million American households with a net worth between $1 million and $10 million. Prince and Schiff present intriguing statistical nuggets from their survey of 586 middle-class millionaire households. Although these people may be rich by most definitions, many were raised middle class, earned rather than inherited their wealth and still retain middle-class values.