£1 Million? Nice But Not Enough

Editor's Views: A seven-figure sum used to be enough to live on but no longer. Why Bitcoin could help your portfolio, and the long road back for airlines

Holly Black 5 February, 2021 | 11:32AM
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Who wants to be a millionaire? I do. It’s why I have Premium Bonds and am roundly disappointed on the 1st of every month when there’s not someone on the doorstep with a comedy-sized cheque. But, you’ve got to admit, a million ain’t what it used to be.

A million pounds used to be an unfathomable sum of money. A fortune that would grant you financial freedom for life. These days, in some parts of the country, it will barely buy you a house. An increase in living costs and the mind-boggling wealth of the celebrities we see on social media every day has made a million seem almost like a drop in the ocean.

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About Author

Holly Black  is Senior Editor, Morningstar.co.uk

 

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