[otoburb]

>>HN must be full of middle class individuals with $1M+ USD networth.

For the HN demographic that doesn't own a house and "only" pays rent, I'd agree with you. But another portion of the HN demographic that does own a flat or property may not qualify, as the definition of an accredited investor (at least in the US[1]) is $1M+ USD of investible assets excluding their primary residence.

[1] https://en.wikipedia.org/wiki/Accredited_investor#United_Sta...

[sokoloff]

Some of this demographic will meet the other (income) test:

a natural person with income exceeding $200,000 in each of the two most recent years or joint income with a spouse exceeding $300,000 for those years and a reasonable expectation of the same income level in the current year