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gerhard7
Bloomberg Television
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Comments by "gerhard7" (@gerhard7323) on "Bright Spots in Uncertain Times" video.
That's not nearly as impressive as I suspect it's meant to sound. $1m in 1980 would be worth $3.6m today at an annualised inflation rate of 3.12%. To boot average US house prices have risen over 1000% since 1980. Basically being a millionaire in the US in 2022 is nowhere near as rare, unusual or difficult as it was in 1980.
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@bradhaaf4749 Trickle down theory right?
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