Financial success is evolving, and so must our strategies to achieve it.

October 12 is recognized as National Savings Day—an occasion that invites reflection on how we understand wealth, savings, and financial security.

As Dr. Brian Walkup explains in his recent Orlando Sentinel article, the definition of “being a millionaire” has shifted dramatically over time. What once symbolized lifelong financial freedom has evolved into a far more nuanced goal.

In the 1990s, the term “millionaire” evoked visions of luxury and financial arrival. But in today’s world—shaped by inflation, student debt, and longer retirements—reaching that milestone no longer guarantees lasting comfort.

Dr. Walkup points out that for many Americans, the target has moved.

What used to represent extraordinary wealth now often equates to what’s simply needed for a stable retirement. This reality has given rise to a new category: HENRYs — “High Earners, Not Rich Yet.”

Many professionals today earn salaries that past generations would consider wealthy,” says Walkup. “Yet, they often struggle to save and feel secure. True wealth is becoming less about a number, and more about the freedom to live with purpose and confidence.

Walkup’s perspective aligns with Crummer’s approach to business education—where financial literacy, strategic foresight, and disciplined decision-making are viewed as essential leadership skills.

As he concludes, being a millionaire still matters—but not for the reasons it once did.
The real milestone, he argues, is developing the awareness and discipline to invest wisely, plan intentionally, and adapt to a rapidly changing world.

Read Dr. Walkup’s full article on the Orlando Sentinel here

 If you’d like to become part of the Crummer community and make an impact, set up an appointment with an admissions specialist to get your journey started: click here.