A Dollar Used to be worth something.

in #inflation • 8 years ago (edited)

I found a relative value calculator online. I typed in $2.00 in 1913 money. compared to 2016 money.

I got 48$....

Another one I tried said this

  • "In 2015, the relative value of $2.00 from 1913 ranges from $36.10 to $913.00. "

Then I found this.

Cost of things in 1900's

-Board at Clemson College for 40 weeks cost $59 (1896)
-A home on Flatbush Ave in Brooklyn, NY cost $7,000 to $12,000 (1901)
-One Oldsmobile cost $650 (1904)
-One pound of coffee cost $0.15

Cost of coffee in 2000

-One pound of coffee cost $3.54 (2000)

Folgers the cheap stuff is 6 dollars today other brands are over 30$

I have a feeling the inflation adjustments most people use don't take in to account quality.

You can compare the cost of a burger in 1913 to McDonald's crap. Or you could compare a burger from a farm down the road in 1913 to a family farm burger today. Inflation looks much worse with the latter more accurate comparison.

Source

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#dollarvalue #dollar
8 years ago in #inflation by
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     8 years ago  

    Here is a look at the devaluation since the creation of the FED in 1913:

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     8 years ago  

    In just my lifetime according to the bank of Canada I have lost 2/3 of my purchasing power. Most currencies have a shelf life of about 40 years which is close to the average life span. If you were rich enough to have $100 in 1914 it would be like having $2116 in 2016!

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