Do we need a new word to describe "rich"?

[goaded]

When this was recorded a pint of beer cost about 50p, now it's about £5. So a millionaire then was the same as someone with ten million today. In the 1940s, it was worth about ten times more still (one James Bond millionaire villain had a full sized railway on his ranch). It seems to me that that kind of wealth needs a new name, since a million pounds today will just about buy you a nice house in the suburbs, not a private island. Or maybe we just use it for people "earning" a million a year?

[Anonymous]

No, just that a million isn't rich in general anymore probably between 5-10million

That's the power of inflation for you

[msc545]

We can choose between ""greedy motherfucker" and "billionaire".

[goaded]

Aren't they synonyms? Although I suppose there are lots of relatively poor greedy motherfuckers.

[msc545]

I think they really are synonyms. Good call!

[midnightmoon05]

The new term is you have to have $3m. to be considerate a millionaire.

[goaded]

Interesting. Where did you get that from? That's still not all that impressive. With a good salary and lucky investments, you can get there by working in a job.

[midnightmoon05]

It just means that one needs to have that much to live comfortably…def. not rich.
Americans can reach that goal easily if they work hard, save/invest…but we are on the other end where most live on debt.

[midnightmoon05]

I just did some numbers in my head…how much I need to have financially freedom. That is to not relay on SS when retired.

[goaded]

Yeah, but a millionaire used to have a mansion or two, loads of staff and a few Rolls-Royces to play with. That's kind of my point, it doesn't have the same meaning any more.

[midnightmoon05]

1m. Back then didn’t have all that.
Milliamperes can go up to 99999 m. So..
3 m. Is the base of comfort. Same as 3 m. Anything more… u can have fun.
3 m. can have fun… just a littl diff. from 10m and up

[midnightmoon05]

1 m. Was the base..
now is 3m as base of comfort *

[exitseven]

Yes. a million dollars does not buy what it used to be. Now it costs a million dollars to live up the street from me.

[LocoLuna]

The elite?

[goaded]

A bit unfair on people who are actually exception in themselves, not just for what they own, don't you think?

[goaded]

*exceptional