Affluent Savvy
Affluent Savvy
Photo: William Fortunato
The term was coined by British soldiers returning from India where the 500 rupee note of that era had a picture of a monkey on it. They used the term monkey for 500 rupees and on returning to England the saying was converted to sterling to mean £500.
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Learn More »You are listening to our fourth and final episode specialising on slang and money! Ok on to our next slang term for money… a pony. I can hear you asking me- Louisa why are we now talking about a baby horse? Spelt the same P-O-N-Y pony actually means 25 pounds. The word has been traced back from the late 18th century in London and has a vast range of suggestions for its etymology. By some it has been suggested that in the 18th century £25 was the typical price paid for a small horse, although historians have contested this is not accurate and far too much money. Others have suggested that an Indian twenty-five rupee banknote featured a pony, therefore this image was also connection to the cash amount. A final claim is that pony might derive from the Latin words ‘legem pone’, which means, ‘payment of money, cash down’ which begins on the March 25, a quarter day in the old financial calendar, when payments and debts came due. Our last slang term for money and again animal related we have a monkey M-O-N-K-E-Y, no not the animal but actually meaning 500 pounds. While this London centric slang is entirely British, it actually stems from 19th century India. The term was coined by British soldiers returning from India where the 500 rupee note of that era had a picture of a monkey on it. They used the term monkey for 500 rupees and on returning to England the saying was converted to sterling to mean £500. That’s the end of our money series so remember to tune in for our next episode to see what new slang we have in store for you! You can find us on our website https://theslangpodcast.com and from there you can see our transcript and subscribe on Apple Podcasts, Spotify and many more apps. Or head over to our facebook page https://facebook.com/theslangpodcast for updates and more slang!
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Learn More »In the U.S. overall, it takes a net worth of $2.2 million to be considered “wealthy” by other Americans — up from $1.9 million last year, according to financial services company Charles Schwab's annual Modern Wealth Survey.
Depending on where you live, a net worth totaling millions of dollars may still be considered merely "comfortable," a new survey finds. In the U.S. overall, it takes a net worth of $2.2 million to be considered "wealthy" by other Americans — up from $1.9 million last year, according to financial services company Charles Schwab's annual Modern Wealth Survey. However, if you want to be considered rich by residents of large metropolitan areas, it will require even more wealth. In San Francisco, the threshold for what's considered wealthy is a net worth of $5.1 million. That's the highest total in the survey, which examined 12 of the biggest metropolitan areas in the country. To be considered "financially comfortable," a San Francisco resident would need a net worth of at least $1.7 million, the survey finds. Here's a look at what it takes to be considered wealthy by city in 2022, as ranked by net worth thresholds: San Francisco: $5.1 million Southern California (includes Los Angeles and San Diego): $3.9 million New York City: $3.4 million Washington, D.C.: $3.3 million Seattle: $3.2 million Phoenix: $2.7 million Boston: $2.7 million Dallas: $2.6 million Houston: $2.6 million Atlanta: $2.5 million Chicago: $2.5 million Denver: $2.3 million The online survey was conducted in early February, with a sample of 500 to 750 local residents for each metropolitan area, between the ages of 21 and 75. Net worth is a measure of the value of the assets a person or corporation owns, minus the liabilities they owe. Don't miss: Biden calls on Congress to pass a federal gas tax holiday this summer, but the savings might not be worth much
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money that is earned illegally, or on which the necessary tax is not paid.
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