I’ve yet to see an ‘adjusted for inflation’ that coincides with the actual costs of the different eras.
In 1960, $1 million would get you a Beverly Hills mansion, a fleet of cars, a Manhattan townhouse, and you’d have enough left over to live lavishly off the interest.
In 2025, $12 million will get you a fairly nice house.
[off topic?]
I’ve yet to see an ‘adjusted for inflation’ that coincides with the actual costs of the different eras.
In 1960, $1 million would get you a Beverly Hills mansion, a fleet of cars, a Manhattan townhouse, and you’d have enough left over to live lavishly off the interest.
In 2025, $12 million will get you a fairly nice house.