It seems that more people than ever are millionaires these days -- 1 in 20 households in the United States have investable assets of $1 million or more (excluding real estate).
Most of you realized that inflation means that being a millionaire is not what it used to be. $1 million today is equivalent to only $430,000 in 1983. As Yogi Berra so wisely put it, "a nickel ain't worth a dime anymore."
One of the main reasons we invest is to keep pace with inflation. Otherwise, the purchasing power of our money declines over time.