If their net worth is lower, they are an 'Under Accumulator'. According to the authors' formula he should be saving 10% yearly and should have about $1.25 million in net worth (50*250,000*10%). Take for example a 50-year-old doctor earning $250,000. A doctor earning $250,000 per year could be considered an 'Under Accumulator of Wealth' if their net worth is low relative to lifetime earnings. Under Accumulator of Wealth (UAW) is a name coined by the authors used to represent individuals who have a low net wealth compared to their income. 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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