[mejutoco]

Maybe by then (one's retirement) the average American will perceive "wealthy" as having $4million in net worth.

If I understand right, this is the perception right now, not in the future. Probably then it will be higher.

[Swizec]

That sounds likely. Inflation and all that.

Would also be interesting to know if people in general even count 401k as “wealth”. I feel like it occupies a different bracket in many people’s minds.