A million bucks ain’t what it used to be (but it still may be enough)

Maybe we should pity millionaires. Many don’t feel rich even though it puts them in the top 7% of Americans. Blame sky-high housing prices and the rising cost of their kids’ college education for their less than sanguine outlook. The fact is, $1 million doesn’t buy what it once did even a decade ago. But if you manage to save $1 million for retirement, you might just have enough to be comfortable.