#180 - The $18 Million Reality- A Millionaire Today Isn’t What It Used to Be
The Financial Therapy Podcast - It's Not Just About The Money - A podcast by Rick Kahler - Martedì
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In this episode, we explore why $1 million today doesn’t hold the same power as it did in the past. Did you know it would take $18 million in today's dollars to match the purchasing power of a 1929 millionaire? We dive into cognitive biases like money illusion, anchoring, and status quo bias, explaining why so many people still cling to the notion of wealth that no longer applies. Learn how inflation has shaped our perceptions of what it means to be "rich."A podcast that blends the nuts and b...
