While $1m USD in 1988 is worth only $2.6m in 2024, if they just put it in the S&P 500 back then and left it there, it’d be worth over $44.6m today.
I don’t know if the Dijon ketchup is really worth it.
Billy, did you forget to take your pills again?
If I had $1000000
I wouldn’t have to choose between pills or rent
…actually they are Canadian so that wouldn’t be an issue.
But they spent it all on a green dress (but not a real green dress, because that’s cruel).
The song one week that was released in 1998, not '88?
This post, for me, was really three TILs in one.
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If I had $1000000 came out in 1988. I didn’t know their hits went back that far.
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The inflation value of $1m USD from then to now.
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The S&P gains over the same period.
Oh! Sorry, since the name of the song wasn’t explicitly said I didn’t know what you were talking about just assumed it was about their most popular hit.
I had no idea " if I had a million dollars" was from 88 either that’s crazy.
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Dijon ketchup?
If I Had $1000000
We wouldn’t have to walk to the store
If I Had $1000000
We’d take a limousine 'cause it costs more
If I Had $1000000
We wouldn’t have to eat Kraft Dinner.
(But we would eat Kraft Dinner. Of course we would, we’d just eat more.
And buy really expensive ketchup with it.
That’s right, all the fanciest Dijon Ketchup. Mmmmmm.)https://www.azlyrics.com/lyrics/barenakedladies/ifihada1000000.html
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Shame on me for never learning the lyrics, just the melody.
Well, buying a house is smart at least. And nothing wrong with a nice, reliable automobile either.
🎶 I would buy you a K-car
a nice Reliant automobile 🎶
Indeed, but not as good as S&P.
The earliest mortgage on my towns deed list for my house was $65k in 1986.
They owned the house until 2002 and sold it for double that (130k).
I bought it in 2018 for nearly triple that (375k).
Now the zestimate is pushing 600k.
Everybody needs a house…but 65k in S&P since 1986 would be almost 3.7m today. Inflation alone over the same period would be 186k. Any house in my town in that price range is probably condemned. (Edit: 11 results in my town and two adjacent towns…9 are empty lots and 2 are single-wides and I’m in a 3bed/1.5ba Cape-style)
I’m pretty certain BNL didn’t exist in ‘88.
How inflation?
