Internet agrees with report suggesting ‘Home Alone’s McAllister family was in the Top 1% of the wealthy
CHICAGO, ILLINOIS: Approaching the festive season, the excitement for Christmas builds, and cinephiles worldwide engage in discussions that feature the enduring classic 'Home Alone'. The movie has firmly embedded itself in the hearts of viewers, becoming an irreplaceable component of holiday traditions.
This year, the narrative shifts from the cinematic creation to its central family, the McCallisters.
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A recent investigation by The New York Times studied the financial standing of the McCallister family, revealing that they not only belong to the wealthy category but also claim a spot among the ultra-rich, securing a position in the top 1 percent of household incomes in Chicago.
In addition to its cultural significance, 'Home Alone' garners further acclaim by earning a coveted spot in the top 10 list of the best Christmas movies, as acknowledged by MEAWW.
'Home Alone's' McCallister family revealed as top 1% of rich Chicago residents
According to Variety, The New York Times has finally unveiled details about the financial status of Kevin McCallister's family, thanks to insights provided by the Federal Reserve Bank of Chicago.
As per The New York Times, the Federal Reserve has determined that Kevin McCallister's family belongs to the top 1 percent of Chicago residents based on the value of their home.
The report states, “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).”
It's worth noting that 'Home Alone,' the first installment of the series, was released in 1990.
Variety further states that Peter McCallister, portrayed by John Heard, and Kate McCallister, played by Catherine O’Hara, would have had to earn at least $305,000 annually in 1990 (equivalent to about $665,000 in 2022) to afford the house situated on the North Shore of Chicago.
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According to Variety, Zillow estimated the house's value to be around $2.4 million in 2022. This substantial value could explain why burglars Harry, played by Joe Pesci, and Marv, played by Daniel Stern, specifically target the McCallister home for a heist in the film.
As highlighted by The New York Times, Harry's quote in the movie, “That’s the one, Marv, that’s the silver tuna,” suggests their realization of the McCallisters' wealth and the anticipation of finding valuable items in their luxurious home.
Variety notes that fans have long speculated about the McCallister family's wealth, particularly considering the expense of taking 15 family members on a Christmas vacation to Paris.
Although 'Home Alone' never discloses Kevin’s parents' professions, it has been assumed that Kate worked as a fashion designer, given the presence of mannequins in their home.
The New York Times worked with economists and found that the McAllister family from ‘Home Alone’ was in the Top 1% of the wealthy. pic.twitter.com/9OuR84hkv0
— Pop Base (@PopBase) December 22, 2023
Internet agrees that the McCallisters might be the top 1% of wealthy
Reacting to the report by Ther New York Times, a user stated, "This makes sense cause they looked like they could afford a lot."
This makes sense cause they looked like they could afford a lot.
— Felix Okoro (@BodybyFelix) December 22, 2023
Another user talked about the traps that Kevin made to stop Harry and Marv from executing the robbery at his house and wrote, "i thought it was obvious, it ain’t really cheap making the traps he did yknow"
i thought it was obvious, it ain’t really cheap making the traps he did yknow
— TR (@swiftcena) December 22, 2023
A user commented, "They lived in a freaking mansion, of course they were one percenters"
They lived in a freaking mansion, of course they were one percenters
— BEAUTIFUL BLACK CHILD(rebranded) 🇳🇬🇺🇸 (@Usedtobeemily) December 22, 2023
A user called the research dramatic and wrote, "Top 1% is a bit dramatic, maybe top 10%"
Another user commented, "i mean obviously… that’s literally why harry wants to rob them so bad😭"
i mean obviously… that’s literally why harry wants to rob them so bad😭
— cam🧍♀️ (@camisannoying_) December 22, 2023