Quickie: UAWs vs. PAWs

Millionaires, believe it or not, are disproportionately clustered in middle-class and blue-collar neighborhoods, NOT more affluent or white-collar neighborhoods.

The reason why is that people in more affluent neighborhoods spent more money on luxury goods or status symbols, instead of saving or investing their money.

It really depends on whether they're Under Accumulators of Wealth, or UAWs, people who don't save as much as they could, or PAWs: Prodigious Accumulators of Wealth.

The Millionaire Next Door: The Surprising Secrets of America's Wealthy https://amzn.to/325Qx1A

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