With his net worth hovering around $50B, Bill Gates could cover all the expenses of every American for a year and still be in sole possession of #12 on of the Forbes 400 list of richest persons. According to the U.S. department of Commerce, in Q2 of 2006 the average(?) American spent the majority of their personal income on, and this was a big surprise, medical care.
the average American with a net worth of over $1,000,000 doesn't earn as much as you'd think. Many (92%) earned less than $100,000/ year.
Nice article from Debt Free
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