IR,

Good points. I wasn't taking a side either way on the issue, just providing a little background information that would help bring some of the information in that video a little more into focus.

I would entirely agree that there is a difference between wealth and income measurement, They generally do go hand in hand, primarily as a function of age up until 60-70 years of age. Retired folks may not have as much reportable/taxable income on an annual basis, but knowing how many cash millionaires I have banked over the years, just because they don't make more than $100,000 per year doesn't mean they don't have wealth. You would be surprised.