Why will most Americans never become mega millionaires or billionaires?

[Ruken]

@Tangent

“Middle class income” includes a broad range, though. Someone making $40,000 a year is not going to become a millionaire with ‘some frugality.’

Someone who retired at the end of CY2015 after 30 or 40 years of investing in the S&P 500 saw a CAGR of greater than 7%. So we’re not even talking about heroic levels of frugality here.

ETA: That’s after inflation.