Artist: Barenaked Ladies
Year: 1988
Lyrical relic: If I had a million dollars, I’d be rich
If this song were released today, a more accurate retitling would be appropriate: If I had a million dollars, I’d be financially comfortable.
Americans were recently surveyed to see what it takes to be “wealthy” and feel “financially comfortable” in 2022. According to the survey, the average net worth it takes to be “wealthy” is $2.2 million. The Ladies’ million bucks would only place them in the “financially comfortable” bracket (a mere $774,000 will get you that designation).
Sadly, inflation has eroded the value of the elusive million dollars the Ladies dreamed about in 1988. In Canada, where the Ladies are from, the total inflation rate over the past 34 years is a whopping 113%. So, in order to “adjust” for inflation, the Ladies would need very close to that $2.2 million to have the buying power equivalence of $1,000,000 and in turn be considered “wealthy/rich.”
In any case, you needn’t worry about the Ladies. Both frontman Ed Robinson and ex-frontman Steven Page and are allegedly each worth a cool $8 million. Safe to say they are still eating their Kraft Dinner with the fanciest of ketchups.
As for that K-car, the nice Reliant automobile that the Ladies dreamed of buying with their fortune, they’d be hard-pressed to find one for sale today. Sadly, the Plymouth Reliant was discontinued the year this song was released.
Sources:
aboutschwab.com/modern-wealth-survey-2022
“Remembering the K-Car: Chrysler’s Savior Gets No Respect.” Car and Driver, Car and Driver, 15 Nov. 2020 .
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