[Bringbackthedraft]

In 1955 if you had a million you were a real millionaire. Compare what 1 million would have bought you in 1955 to a million today. $12,000 bought you a house, $1500 bought you a car. Milk was 18 cents a quart, bread 11 cents a loaf, sodas and candy bars were 5 cents. I’m suppose to be impressed that he is a millionaire today?

[rbg81]

Yeah, $1M ain’t what it used to be. However, consider that most people have almost no savings and lots of debt (and I’m talking credit card debt—not mortgage debt). Given that, he’s doing pretty good.

[FreedomCalls]

In 1955 if you had a million you were a real millionaire. Compare what 1 million would have bought you in 1955 to a million today. $12,000 bought you a house, $1500 bought you a car. Milk was 18 cents a quart, bread 11 cents a loaf, sodas and candy bars were 5 cents. I’m suppose to be impressed that he is a millionaire today?

According to the inflation calculator, one million dollars today would have been $7.2 million in 1955 and going the other way, $138,000 in 1955 would be equivalent to one million dollars today.