Hot take: when talking about money we should refer to them as 1,000 millions and not billions. The scale of a "billion" is just much, much larger than I think most people intuitively realize.
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A "small" billionaire could buy a house in Hoboken for ~1/1000th of their net worth. If I bought you a gift card with 1/1000th of my net worth, you'd be like, "aw, thanks" not, "WOW THANKS AMAZING!"
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This insight brought to you by the Rolling Stones song "Salt of the Earth" ("Lets drink to the two thousand million" is the line that brought this to mind).
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We talk about this internally in our group, and often when something changes by X billions of dollars we’ll talk about “NISTs” since the annual budget of the entire agency is about $1 billion.
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On the other side of things, we really try to avoid talking about sums of a few millions of dollars as though it's small change, because it's often very consequential to the people it affects.
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In Britain, a "billion" is a million million, not a thousand million as it is in the US. Indeed, this is precisely why scientists use expressions like 10^12 and 10^15, to avoid verbal confusions.
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