What does it cost?

What does it cost?

Joined: September 6th, 2008, 10:30 am

February 17th, 2011, 9:42 pm #1

I was looking for what the difference between the dollar fifty years ago and today. I'm wondering about the cost to replace the item if bought today. This calculator works for a compare, I found it interesting to compare different dates. Its on the right side and titled what is a dollar worth.

http://www.minneapolisfed.org/
Last edited by sameoleCCTX on February 17th, 2011, 9:43 pm, edited 1 time in total.
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Joined: September 24th, 2009, 3:01 pm

February 18th, 2011, 7:18 pm #2

it's also good for "if i made $xx,xxx in year y, then the equivelant income would be $xx,xxx in year z."

social security brings your earnings list "up to today's dollars" to do your retirement calc. so do we. people don't beleive me that the $8000 they made in 1975 is the equivelant of $32000 today.

handy tool to have when your parents think you're crazy to spend $700 on a couch - "that couch you're sitting on only cost us $200" - i had such a calculator at the time and got to act shocked that my dad was suggesting i spend $1K on a couch! i'd point out him that i was spending two weeks gross salary on a couch. just like he had 30+ years before....
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Joined: September 6th, 2008, 10:30 am

February 18th, 2011, 7:24 pm #3

at a $500 life insurance policy and thinking that would not go far. It made me wonder what you would buy to equal that amount today.
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Joined: May 25th, 2006, 4:56 pm

February 18th, 2011, 7:59 pm #4

I was looking for what the difference between the dollar fifty years ago and today. I'm wondering about the cost to replace the item if bought today. This calculator works for a compare, I found it interesting to compare different dates. Its on the right side and titled what is a dollar worth.

http://www.minneapolisfed.org/
A Secret Gift by Ted Gup.

http://www.amazon.com/Secret-Gift-Kindn ... 355&sr=8-1

Theres also a website: http://www.asecretgiftbook.com/

See how much $5.00 would help a family in 1933.
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