This is kind of silly. Basically it’s just saying that stocks have rallied this year. US stocks are up ~14% YTD, and international stocks are up ~5% YTD.

So the more you had invested, the more “dollars” you made this year.

Last year was net down, so it makes complete sense that people with more money lost more “dollars” last year.

Gee, people who have been saving longer have saved more money! Who’d a thunk?

Many people roll their old 401ks into IRA when changing jobs, so they are seriously undercounting millionaires.