Re: Upward mobility alive and well


"Just Cocky" <just@xxxxxxxxx> wrote in message
news:10qi22tu933vj83jbdc5edpipmo9d7gskn@xxxxxxxxxx

"The number of millionaires rose to a record level in 2005..."

http://money.cnn.com/2006/03/28/news/economy/millionaires/index.htm

While that's all well and good and all that jazz ... what, exactly, does
it mean these days to be a millionaire? Compare that million, adjusting
for *real* inflation (not the bogus numbers released by Uncle Sam) --
compare it to, say, a million dollars from the 1960's.

Sooner or later, with our ever upwards inflationary spiral, every
last person will be a millionaire, and it will mean nothing to have
a million dollars in liquid assets. .


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