Everything Is Relative
The term
"millionaire" has been utilized to indicate a person of
great wealth for generations. How true is that today?
For
example, in 1900, a million dollars was equivalent to the annual
income of 2,283 workers.
In 1950, a million dollars was equivalent to the annual income of 314 workers.
Today, a million dollars is equivalent to the income of only 16 workers.
100 years from now, it is conceivable that "just a millionaire" would be utilized to describe a person who is poor.