Depends on which millionaires you’re talking about. If you just mean a couple who saved aggressively and are living off $35K/year, they’re spending much less than the median household. Not sure how much below the median you are, how many children you have, etc, but in day-to-day spending, ordinary millionaires are just working class people. Of course it gives you flexibility to deal with some emergencies like a car breaking down or a hospital bill without worrying about the cost, but those aren’t normal day-to-day events.
Depends on which millionaires you’re talking about. If you just mean a couple who saved aggressively and are living off $35K/year, they’re spending much less than the median household. Not sure how much below the median you are, how many children you have, etc, but in day-to-day spending, ordinary millionaires are just working class people. Of course it gives you flexibility to deal with some emergencies like a car breaking down or a hospital bill without worrying about the cost, but those aren’t normal day-to-day events.
Multimillionaires are a different story.