It's obvious that many of the answers are influenced by the age of the member and his or her current lifestyle. (BTW, I'm not criticizing or passing judgment - just an observation.)
Although I'd rather have much more so I could give it away, a million dollars tax free is a lot of money. Most people who are financially well-off don't actually have a million dollars in cash, but might have a total net worth of over a million, including real estate, a business or retirement savings.
I do agree that things have certainly changed a lot in the past decade. $150,000 would have bought a nice home in many areas of FL 10 years ago. Now it's hard to find a one bedroom condo for that price. I also remember buying a new VW Beetle for under $3,000 and a 1978 Camaro for $6,800. Now the average car like an Accord or a Camry costs around $20,000. You can't even go out for a pizza and a movie without spending $20. Parents of young children face the highest expenses. Food, clothing, money for school activities, books, toys, computers, etc., not to mention orthodontic treatment if needed, plus college tuition wold eat up that million dollars pretty quickly unless you continued to work. It's also nice to take your family on a nice vacation once in a while.
However, life doesn't have to be expensive. I mentioned on another thread that a neighbor of mine works for a multi-millionaire who "throws away" clothing and other items with the tags still attached. Taking advantage of the bargains one can find at a garage sale or thrift shop is one way to look sharp and have nice furnishings without breaking the bank. Even rich people love to shop at outlet stores and thrift shops. I admit that I probably would be pretty lazy, although I'd find a job I like and work 30 hrs a week for benefits at least until I was 65. I would try to volunteer a lot too.