The negative power of inflation is pretty scary.

Technically, if one has $1,000,000 of assets, one is considered a millionaire.

For a 'tighter' definition, the house should be excluded since it really is not income producing.

So let's say, you have $1mil in cash (or stocks) and the interest (or dividend) is on average 2%. That is only $20,000 per year.

Further assuming Social Security is kaput (at least for you since you have 'assets'), $20,000 really is not much to live on.

I think $1,000,000 is now the new $250,000.

On a different note, the government says inflation is low. However they base that statement on their CPI that does NOT include Food and Energy. Sure, the prices of CD players have dropped but how often do you buy a CD player versus gasoline.

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Ben
1987 190d 2.5Turbo