![]() Danko, defined the “prototypical” American millionaire not as an ostentatious Gatsby or Trump but as the proprietor of a “dull-normal” small business - “welding contractors, auctioneers, rice farmers, owners of mobile-home parks, pest controllers, coin and stamp dealers, and paving contractors.” His (mostly) or her median income was $131,000, and median net worth $1.6 million. ![]() Stanley’s 1996 book, co-written with William D. The other is the death of one Ronald Read, a Vermont retiree who appeared to be one of Stanley’s emblematic secret blue-collar millionaires - after a lifetime of low-wage menial work and frugal living, he was discovered to have amassed a fortune worth about $8 million. Stanley, coauthor of the bestselling book “The Millionaire Next Door,” in a car accident. The first is the death last week of Thomas J. Two recent events are both driving it forward and exposing its basic phoniness. ![]() The idea that the average guy can become rich via hard work and rigorously virtuous thrift is one of the compelling myths of the American experience.īut for the most part, myth it is. ![]()
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