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Is $1 Million a Lot of Money? (EP.399)

Animal Spirits Podcast

CHAPTER

Challenging the Perception of Wealth

This chapter explores the perplexing reality of high credit card debt, exemplified by an individual with $1.2 million in debt, and questions the rationale behind it despite a substantial income. It also critiques contemporary views on wealth, investigating how the significance of one million dollars has evolved over the decades amid rising inflation and wealth levels.

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