Being a 401(k) millionaire matters more than ever in the AI era

And clearly, my friend isn’t alone. This holiday season, hundreds of thousands of Americans are relishing the same good news, even if $1 million is hardly the vast sum it was when the term “millionaire” first gained currency in the early 20th century.There’s an emotional layer to this moment. Hitting $1 million is a financial benchmark, but it’s also proof that years of steadiness, patience, and compounding returns have finally tipped in your favor. For people like my friend, who have lived through two rece ...