Indeed! I can remember when $1 million was considered a fortune. Nowadays, it’s just slightly more than a pittance in world with over 2700 BILLION-aires where even run-of-the-mill professional athletes receive multimillion dollar paychecks. The troubling thing is, the gap between the ultra rich and ultra poor has never been greater and continues to increase. While the HAVES lavish in luxury, the HAVE NOTs cannot afford the necessities of life and can only dream about owning a home in a housing market that has become truly sublime. Retirees who are seeing their nest eggs that took a lifetime to save evaporating at the rate of 10% per year can only commiserate knowing it will likely get even worse over time.
As the Johnny Mercer song predicted, “Something’s gotta give!”.
SHAKEDOWNVILLE over 2 years ago
For many, it’s a “pigment” of the imagination.
The Reader Premium Member over 2 years ago
Indeed. After taxes, you’ll be getting $1.05.
Bill D. Kat Premium Member over 2 years ago
Indeed! I can remember when $1 million was considered a fortune. Nowadays, it’s just slightly more than a pittance in world with over 2700 BILLION-aires where even run-of-the-mill professional athletes receive multimillion dollar paychecks. The troubling thing is, the gap between the ultra rich and ultra poor has never been greater and continues to increase. While the HAVES lavish in luxury, the HAVE NOTs cannot afford the necessities of life and can only dream about owning a home in a housing market that has become truly sublime. Retirees who are seeing their nest eggs that took a lifetime to save evaporating at the rate of 10% per year can only commiserate knowing it will likely get even worse over time.
As the Johnny Mercer song predicted, “Something’s gotta give!”.
MT Wallet over 2 years ago
When I was in college in 1981, inflation was worse than now and the professor talked about how little a million would be worth if it continued.