please be precise and give examples on how to calculate those US$100 in terms of today money .Thanks
2006-09-04 08:41:58 · 5 answers · asked by ajeeb k 1 in Business & Finance ➔ Investing
According to this site with a Consumer Price Index Calculator, it would be like having $840.25 today.
Its a really neat tool. Check it out. Kinda fun and really simple to use.
2006-09-04 08:47:04 · answer #1 · answered by Qwerty 2 · 0⤊ 0⤋
You need to know the inflation rate form 1950 to today. The easiest way is to look at something consumer related, like housing, automobiles, food, gasoline and see the increase as a factor. I always think of comic books. Used to be a dime in the 50's. Now they cost $2.75. Based on that, you might think that $100 now was worth 28 times less back then. But other things have different rates. A good gun could be had for $25 back then, now it will cost $500. That is a 20x multiple. I house could be had for $5,000 in the 50s, but average starter housing is now about $120,000.
I would say a factor of 25 is about right. That is, $100 now gives you the same buying power that $4 did back in the 50s.
2006-09-04 15:47:54 · answer #2 · answered by Cabhammer 3 · 0⤊ 0⤋
Yes it's about 533 in today money roughly
Average US inflation rate is 3%/ year. so by the RULE of 72
in 24 years, 100$ become 200$, in 1998, 200$ become 400$. so Today is 2006, 1/3 of the 24 years
It is about between 500 and 600 in term of 100 in 1950
2006-09-05 00:12:44 · answer #3 · answered by Hoa N 6 · 0⤊ 0⤋
What cost $100 in 1950 would cost $775.18 in 2006.
And I admit I just went to an inflation calculator website. I don't know the formula for the calculation.
2006-09-04 15:45:58 · answer #4 · answered by Anonymous · 0⤊ 1⤋
It would take $7.63 in todays dollars to buy what one 1950 dollar could, so $100 in 1950 is equivalent in buying power to $763 today.
2006-09-04 15:46:52 · answer #5 · answered by jenh42002 7 · 0⤊ 1⤋