Trumpy, the answer is inflation. On average prices in the US rose just over 4% per year from 1950 to today. This means that $799 dollars today is worth what $100 was in 1950. $125,000 in 1950 would buy what $1,000,000 will buy today. If you want to be as rich as a 1950's millionaire, you now need 8 million, so keep working.