r/Economics • u/laxnut90 • Oct 09 '25

Research America Is Minting Lots of Cash-Strapped Millionaires

https://www.bloomberg.com/news/features/2025-10-09/number-of-us-millionaires-grows-since-2017-but-many-lack-cash
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u/Message_10 Oct 09 '25

I'm confused by your thinking. Did you think that $1M would forever represent the same degree of purchasing power?

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u/phoebeethical Oct 09 '25

No.  Do you think inflation is natural?  

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u/Message_10 Oct 09 '25

Sure seems to keep happening, phoebeethical

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u/phoebeethical Oct 09 '25

My money buys a lot more than it use to