Millionaires are Baby Boomers (or Older) For most Americans, incomes tend to rise with age and experience. Thus, it is not surprising that in 2009, 80 percent of millionaires were older than age 45 and close to half of all millionaires (46 percent) were older than age 55.
A hypothesis (plural hypotheses) is a proposed explanation for a phenomenon. For a hypothesis to be a scientific hypothesis, the scientific method requires that one can test it.
In popular usage, a theory is just a vague and fuzzy sort of fact and a hypothesis is often used as a fancy synonym to `guess'. But to a scientist a theory is a conceptual framework that explains existing observations and predicts new ones. For instance, suppose you see the Sun rise.