[gh-throw]

It's old retired people, mostly, I guarantee it. One million dollars doesn't mean what it used to. If you hit 65 and don't have at least a million dollars in retirement accounts, you'll be working as a Wal-Mart greeter. Healthcare's insanely expensive, even on medicare. A "household" at retirement is probably two people, so that's half a million a person and you're "millionaires" but sure can't live like the term implies. Retire at 65 a low-end "millionaire" and your kids may well not inherit jack-shit. It'll all go to hospitals and hospice care and such, before the end.

Add in that Boomers skew much richer at the same stage in life as later generations, and that they're a large chunk of retired people, and yeah, "1 in 25 households are millionaires" just means half or 1/3 of retired people aren't living on cat food, and were actually able to retire. Hooray.