Inflation

The Wealth Killer!

One Million

In 1935

Today is 22,890,000**

Anyone today who has acquired one million but less than 22.89 million is classified as a middle class millionaire.  Breaking down into millionaire sub groups:

Lower Middle Class

1,000,000 to $7,553,700

Middle Middle Class

$7,553,701 to $15,107,400

Upper Middle Class

$15,107,401 to $22,890,000

** This is from an inflation calculator that uses the CPI (Consumer Price Index) that understates the real rate of inflation by around 50%.  If officials state that inflation is at 4% then it is safe to assume that inflation is actually running in the neighborhood of 6%+.