Have you got a spare million pounds lying around? Perhaps not. But even if you answered yes to that, you may be surprised to find that it might not go as far as you thought it would.
Having a million pounds has always been a magic sum of money that allows you to join that most exclusive of clubs. But things are not all rosy for millionaires these days.
For example, a millionaire would not be able to pay a Barcelona football player’s wages for as many weeks as they could have done a few decades ago. And the amount of homes they can buy has dropped considerably.
In fact, there are many ways in which a million pounds is just not what it used to be. So if you are disappointed by not being one of the 18,000 people who earn a million or more a year, or you don’t belong to the one-in-10 households that now have assets of a million or more, don’t worry too much about it.
Do you want to know exactly how bad things are looking for the nation’s millionaires? Then check out the following infographic to find out just how much better things used to be.
Courtesy of: Wish.co.uk
The Tech Panda takes a look at recent mergers and acquisitions within various tech ecosystems…
As robotics progresses towards creating humanoid robot helpers, our tendency is to create them in…
On June 7, 2025, Japan enacted a series of regulations aimed at enabling stronger consumer protections…
Introduction: The Signal Behind Snowflake’s CEO Change In the spring of 2024, Snowflake, a star…
The modern space race is increasingly political, driven by national pride, military strategy, and economic…
Millions of would-be customers remain offline across Asia’s fastest-growing digital economies. This is not a…