Major Tom
Thinks s/he gets paid by the post
The film "High Society" came out in 1956, notably featuring the song, "Who Wants To Be A Millionaire". Using an online CPI calculator, a million dollars in 1956 is roughly equivalent to $10M now. Now, $10M is obviously a good amount of money, but it hardly supports the kind of lifestyle that the song in High Society suggested that it could.
Perhaps the allure of a million dollars being greater than the reality has been the case for longer than we realize?
Maybe a million dollars (or even 10 million dollars) can't provide one with flashy flunkies everywhere, a private landing field, a country estate, and a gigantic yacht, as in the film. However, if it can still provide the median US income for an entire retirement, it's definitely worth something.
Perhaps the allure of a million dollars being greater than the reality has been the case for longer than we realize?
Looks like median income in the US in 2019 was $32k or so. (I'm guessing that's for an individual, all ages).
If you say to the average person "$1 million dollars" its 30x what they earn in a year...so yeah, still a lot of money.
Maybe a million dollars (or even 10 million dollars) can't provide one with flashy flunkies everywhere, a private landing field, a country estate, and a gigantic yacht, as in the film. However, if it can still provide the median US income for an entire retirement, it's definitely worth something.
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