or have things become really bad and times changed that one million of our national currency does not have value as much as it used to have?
This is the answer. It is not because you looked at the amount with the eye of a kid. Things are now very bad with inflation making our local currency almost useless. Cost of living is very high that there is not much 1million can even buy in my country today. But elsewhere, maybe in the USA, Canada, England that 1million is a huge amount of money.