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When my parents were young a million dollars was the definition of wealth. Today their home might be priced at at least that but considerable far from rich. They much better than off than many others who own valuable property. There are pensioners trying to survive on the pension who own property now worth a million, or even more. Try telling them they are rich. They are struggling to pay the property taxes but cannot sell seeing that cost of relocating would employ all their funds.
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Third, it's getting easier and easier to developed into a millionaire these days. Inflation plays a key role in this. As prices go up, and household income levels go up, it follows that creating a million dollars isn't as big associated with an milestone considering it was numerous years in the past. But don't get me wrong, making my first million is probably the most enjoyable thing occur in Billionaire Lifestyle!
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