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The answer depends on your own country's economic circumstances, but here in Australia the "cost of living" has increased by about 520% between 1974 (when the TV series began) and 2006. This is based on change in the Consumer Price Index, released by the Australian Bureau of Statistics.

So $AUD6m in 1974 would have the same purchasing power as $AUD37.2m in 2006.

I guess you could say Steve Austin would be The Forty Million Dollar Man in today's economy.
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Good stuff! According to the Inflation Calculator at inflationdata.com, inflation in the United States has increased by 346.24% between January 1974 and May 2007 (latest available at the time of writing). That would make the $6,000,000 man of 1974 the $26,774,400 dollar man today in the USofA.

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Q: How much would The Six Million Dollar Man be worth in today's economy?
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