The Moving Target: Why $1 Million Doesn’t Mean What It Used To
To buy what $1 million bought in 1960, you’d need about $11.3 million today. The word millionaire was never a fixed amount — here’s how far the ruler has moved, and how to read it.
To buy what $1 million bought in 1960, you’d need about $11.3 million today. The word millionaire was never a fixed amount — here’s how far the ruler has moved, and how to read it.
Two 2026 studies put high-net-worth cash holdings at 24% and 5%. Both are right. What that gap reveals about how wealthy households actually manage liquidity.