Comment by freediver

2 months ago

> I don't think you have to have Fuck You Money to get to this point.

To add to this, the 'modern' use of the word 'millionare' started in 1850 (discounting first use in 1719 in France which was not in the context of 'rich' we know).

When you adjust for inflation, a comperable purchase power today would be an equivalent of having net worth of $250M. Anything below that and you aren't even a 'true' millionare. ($1 USD in 1850 is roughly ~$250 USD in 2024, taking 3.2% average historic inflation rate).

So, author, you are not even rich, still work to do ;)

1 comment

freediver

canucker2016 2 months ago

from https://www.pbs.org/wgbh/americanexperience/features/1900-id...:

    In 1850, the US was home to 19 millionaires. But the years following the Civil War had seen a considerable increase in membership of that exclusive club. By the end of the 1890's the number of millionaires in the US had swelled to more than 4,000.