Even though some people look like they have it easy, that is not always the case — except when it is exactly the case. For example, Republican presidential candidate Donald Trump only received a “small loan” of $1 million from his father when he first started his career.
During a town hall meeting in New Hampshire NBC Today, Trump stated:
“It’s not been easy for me. It has not been easy for me. I started off in Brooklyn. My father gave me a million dollars. I came into Manhattan and I had to pay him back with interest.”
Matt Lauer was just as surprised as many other listeners when he heard Trump state that his Brooklyn beginnings were difficult even though he received a million-dollar loan. Lauer clarified:
“Let’s just put this in perspective, you said, ‘It hasn’t been easy for you, but my dad gave me a million-dollar loan.”
Although the Bureau of Labor Statistics’ inflation calculator estimates that the amount of money Trump received in 1973 would be roughly equivalent to $5,359,121.62 today, Trump was adamant about his early struggle. Trump said:
“A million dollars is not a lot compared to what I have built.”
Paying back a million dollars is not an easy task by any means, especially with procured interest. Needless to say, however, there are plenty of people who haven’t made near a million dollars in their lifetime who would disagree with Trump’s assessment that his life “has not been easy.”