Yes it is, and no mistaking.

( Bartleby A dead man on vacation, Wed 19 Sep 2012, 16:08, 1 reply, 13 years ago)

Not really, not with the way house prices have gone
My parents for example live pretty modest lives, but I know the value of their house plus pensions and investments would cross the 1m mark. But they are not millionaires in the way one might perceive.
( Naked Ape call me Caitlyn, Wed 19 Sep 2012, 16:11, Reply)

Millionaire:
Noun
A person whose assets are worth one million pounds or dollars or more
( tangledupinblue hairy badge with moving eyes, Wed 19 Sep 2012, 16:15, Reply)

BUT, due to inflation the actual value needed to live like a millionaire Is more

( Naked Ape call me Caitlyn, Wed 19 Sep 2012, 16:16, Reply)

Living like a millionaire. What do you mean?
Freedom from financial worry, and the ability to do what you like, when you want to.
( Bartleby A dead man on vacation, Wed 19 Sep 2012, 16:18, Reply)

I dunno, I think it's in some ways more complicated that having worth over a certain amount
Although that would satisfy the dictionary definition
( Naked Ape call me Caitlyn, Wed 19 Sep 2012, 16:22, Reply)