Zack Sharf Digital News Director A burning question surrounding the 1990 Christmas classic “Home Alone” has finally been answered by economists at the Federal Reserve Bank of Chicago.
Just how rich is the McCallister family? It’s a question The New York Times now has an answer to as the Federal Reserves has determined Kevin MCallister’s family is in the one percent of Chicago residents based on the value of their home.
Per The Times: “In 1990, the house was affordable only for the top 1 percent of Chicago household incomes, and that would still be the case today, according to economists at the Federal Reserve Bank of Chicago…the home would have been affordable to a household with an income of $305,000 in 1990 (about $665,000 in 2022).” So there you have it.
Peter (John Heard) and Kate McCallister (Catherine O’Hara) would’ve been earning at least $305,000 annually in 1990 (or about $665,000 in 2022) to afford the house, which is located on the North shore of Chicago.
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