What was the buying power of a dollar in past years?
What was the buying power of a dollar in past years?
Watched a movie the other day, they were offered $2 million for a business in 1877....
Question came up "How much is that in todays money adjusted for inflation?"
Here is yearly list
$1 worth of 1877 dollars is now worth $22.22
$1 worth of 1878 dollars is now worth $23.26
$1 worth of 1879 dollars is now worth $23.26
$1 worth of 1880 dollars is now worth $22.73
$1 worth of 1881 dollars is now worth $22.73
$1 worth of 1882 dollars is now worth $22.73
$1 worth of 1883 dollars is now worth $23.26
$1 worth of 1884 dollars is now worth $23.81
$1 worth of 1885 dollars is now worth $24.39
$1 worth of 1886 dollars is now worth $25
$1 worth of 1887 dollars is now worth $24.39
$1 worth of 1888 dollars is now worth $24.39
$1 worth of 1889 dollars is now worth $25.64
$1 worth of 1890 dollars is now worth $25.64
$1 worth of 1891 dollars is now worth $25.64
$1 worth of 1892 dollars is now worth $25.64
$1 worth of 1893 dollars is now worth $26.32
$1 worth of 1894 dollars is now worth $27.03
$1 worth of 1895 dollars is now worth $27.78
$1 worth of 1896 dollars is now worth $27.78
$1 worth of 1897 dollars is now worth $27.78
$1 worth of 1898 dollars is now worth $27.78
$1 worth of 1899 dollars is now worth $27.78
$1 worth of 1900 dollars is now worth $27.78
$1 worth of 1901 dollars is now worth $27.78
$1 worth of 1902 dollars is now worth $27.03
$1 worth of 1903 dollars is now worth $26.32
$1 worth of 1904 dollars is now worth $26.32
$1 worth of 1905 dollars is now worth $26.32
$1 worth of 1906 dollars is now worth $26.32
$1 worth of 1907 dollars is now worth $25
$1 worth of 1908 dollars is now worth $25.64
$1 worth of 1909 dollars is now worth $25.64
$1 worth of 1910 dollars is now worth $24.39
$1 worth of 1911 dollars is now worth $24.39
$1 worth of 1912 dollars is now worth $24.39
$1 worth of 1913 dollars is now worth $23.81
$1 worth of 1914 dollars is now worth $23.26
$1 worth of 1915 dollars is now worth $23.26
$1 worth of 1916 dollars is now worth $21.28
$1 worth of 1917 dollars is now worth $18.18
$1 worth of 1918 dollars is now worth $15.38
$1 worth of 1919 dollars is now worth $13.51
$1 worth of 1920 dollars is now worth $11.63
$1 worth of 1921 dollars is now worth $12.99
$1 worth of 1922 dollars is now worth $13.89
$1 worth of 1923 dollars is now worth $13.7
$1 worth of 1924 dollars is now worth $13.7
$1 worth of 1925 dollars is now worth $13.33
$1 worth of 1926 dollars is now worth $13.16
$1 worth of 1927 dollars is now worth $13.51
$1 worth of 1928 dollars is now worth $13.7
$1 worth of 1929 dollars is now worth $13.7
$1 worth of 1930 dollars is now worth $14.08
$1 worth of 1931 dollars is now worth $15.38
$1 worth of 1932 dollars is now worth $16.95
$1 worth of 1933 dollars is now worth $17.86
$1 worth of 1934 dollars is now worth $17.54
$1 worth of 1935 dollars is now worth $16.95
$1 worth of 1936 dollars is now worth $16.95
$1 worth of 1937 dollars is now worth $16.13
$1 worth of 1938 dollars is now worth $16.67
$1 worth of 1939 dollars is now worth $16.95
$1 worth of 1940 dollars is now worth $16.67
$1 worth of 1941 dollars is now worth $15.87
$1 worth of 1942 dollars is now worth $14.29
$1 worth of 1943 dollars is now worth $13.51
$1 worth of 1944 dollars is now worth $13.33
$1 worth of 1945 dollars is now worth $12.99
$1 worth of 1946 dollars is now worth $12.05
$1 worth of 1947 dollars is now worth $10.53
$1 worth of 1948 dollars is now worth $9.71
$1 worth of 1949 dollars is now worth $9.8
$1 worth of 1950 dollars is now worth $9.71
$1 worth of 1951 dollars is now worth $9.01
$1 worth of 1952 dollars is now worth $8.85
$1 worth of 1953 dollars is now worth $8.77
$1 worth of 1954 dollars is now worth $8.7
$1 worth of 1955 dollars is now worth $8.7
$1 worth of 1956 dollars is now worth $8.62
$1 worth of 1957 dollars is now worth $8.33
$1 worth of 1958 dollars is now worth $8.06
$1 worth of 1959 dollars is now worth $8.06
$1 worth of 1960 dollars is now worth $7.87
$1 worth of 1961 dollars is now worth $7.81
$1 worth of 1962 dollars is now worth $7.75
$1 worth of 1963 dollars is now worth $7.63
$1 worth of 1964 dollars is now worth $7.52
$1 worth of 1965 dollars is now worth $7.41
$1 worth of 1966 dollars is now worth $7.19
$1 worth of 1967 dollars is now worth $6.99
$1 worth of 1968 dollars is now worth $6.71
$1 worth of 1969 dollars is now worth $6.37
$1 worth of 1970 dollars is now worth $6.02
$1 worth of 1971 dollars is now worth $5.78
$1 worth of 1972 dollars is now worth $5.59
$1 worth of 1973 dollars is now worth $5.26
$1 worth of 1974 dollars is now worth $4.74
$1 worth of 1975 dollars is now worth $4.35
$1 worth of 1976 dollars is now worth $4.12
$1 worth of 1977 dollars is now worth $3.86
$1 worth of 1978 dollars is now worth $3.58
$1 worth of 1979 dollars is now worth $3.22
$1 worth of 1980 dollars is now worth $2.84
$1 worth of 1981 dollars is now worth $2.57
$1 worth of 1982 dollars is now worth $2.42
$1 worth of 1983 dollars is now worth $2.35
$1 worth of 1984 dollars is now worth $2.25
$1 worth of 1985 dollars is now worth $2.17
$1 worth of 1986 dollars is now worth $2.13
$1 worth of 1987 dollars is now worth $2.06
$1 worth of 1988 dollars is now worth $1.98
$1 worth of 1989 dollars is now worth $1.89
$1 worth of 1990 dollars is now worth $1.79
$1 worth of 1991 dollars is now worth $1.72
$1 worth of 1992 dollars is now worth $1.67
$1 worth of 1993 dollars is now worth $1.62
$1 worth of 1994 dollars is now worth $1.58
$1 worth of 1995 dollars is now worth $1.53
$1 worth of 1996 dollars is now worth $1.49
$1 worth of 1997 dollars is now worth $1.46
$1 worth of 1998 dollars is now worth $1.43
$1 worth of 1999 dollars is now worth $1.4
$1 worth of 2000 dollars is now worth $1.36
$1 worth of 2001 dollars is now worth $1.32
$1 worth of 2002 dollars is now worth $1.3
$1 worth of 2003 dollars is now worth $1.27
$1 worth of 2004 dollars is now worth $1.24
$1 worth of 2005 dollars is now worth $1.2
$1 worth of 2006 dollars is now worth $1.16
$1 worth of 2007 dollars is now worth $1.13
$1 worth of 2008 dollars is now worth $1.09
$1 worth of 2009 dollars is now worth $1.09
$1 worth of 2010 dollars is now worth $1.07
$1 worth of 2011 dollars is now worth $1.04
$1 worth of 2012 dollars is now worth $1.02
$1 worth of 2013 dollars is now worth $1
With the "runaway printing press" mentality of many industrialized countries, long term precious metals looks highly desirable.
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