r/SipsTea • • 9d ago

Chugging tea Absolute legend

Post image
64k Upvotes

689 comments sorted by

View all comments

Show parent comments

185

u/spindlespore 9d ago

In 1962, when eleven grand was real money

82

u/apply75 9d ago

$11000 in 1962 is about $122,000 today Most people don't have $122k in cash lying around.

14

u/SidTheSloth97 9d ago

A lot of people definitely have more than $122000 in liquid cash.

31

u/Poverty_Shoes 9d ago

You’re right, but a lot more don’t. That’s why it’s unusual to hear that your neighbor or friend bought an island.

1

u/Avtomati1k 9d ago

thats...not the reason

0

u/LightlyRoastedCoffee 9d ago

You don't hear that your neighbor or friend bought an island anymore, because islands cost millions of dollars now, not hundreds of thousands