![]() Stanley and Danko's book explains why, noting that high-income white-collar professionals are more likely to devote their income to luxury goods or status items, thus neglecting savings and investments. Their findings, that millionaires are disproportionately clustered in middle-class and blue-collar neighborhoods and not in more affluent or white-collar communities, came as a surprise to the authors who anticipated the contrary. ![]() The authors compare the behaviour of those they call "UAWs" (Under Accumulators of Wealth) and those who are "PAWs" (Prodigious Accumulators of Wealth). The book is a compilation of research done by the two authors in the profiles of American millionaires. The Millionaire Next Door: The Surprising Secrets of America's Wealthy ( ISBN 0-6) is a 1996 book by Thomas J. ![]()
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