I would like to know todays dollar equivalent of the Canadian or American dollar from the year 1947 ie: the cost of living equivalent. It only need to be an approximation. I know there are many variables but there must be a chart or something somewhere but I can't find it.
example in 1947 it cost 10 cents for a hot dog which now costs 3 bucks. Something like that but more of an overall equivalent. Anyone?
TIA
example in 1947 it cost 10 cents for a hot dog which now costs 3 bucks. Something like that but more of an overall equivalent. Anyone?
TIA
Just by chance someone in another thread posted this. What good fortune.
http://www.coinnews.net/tools/cpi-inflation-calculator/
http://www.coinnews.net/tools/cpi-inflation-calculator/
Hi Cal,
That means that a $550.00 Marantz receiver in 1974 is worth $2,416.13 in today's money. I'll assume that's for the start of 2008 and this is almost 2009.
Another set for the same money bought in 1977 would be $1,965.60
And you wonder why there aren't any good receivers around anymore?
-Chris
That means that a $550.00 Marantz receiver in 1974 is worth $2,416.13 in today's money. I'll assume that's for the start of 2008 and this is almost 2009.
Another set for the same money bought in 1977 would be $1,965.60
And you wonder why there aren't any good receivers around anymore?
-Chris
Hey Cal. I do this all the time, it's fun when watching old movies or reading old books.
My favorite site for this is:
http://www.measuringworth.com/ppowerus/result.php
Lots of calculations there.
No Canadain, AFAIK - but does UK.
Have fun!
BTW, for 1947 to 2007 dollars (US) muliply by 9.28
My favorite site for this is:
http://www.measuringworth.com/ppowerus/result.php
Lots of calculations there.
No Canadain, AFAIK - but does UK.
Have fun!
BTW, for 1947 to 2007 dollars (US) muliply by 9.28
But can't get a new Corvette off the lot for $23K and the 2007 one sure doesn't even compare to the 1957, IMO!
Sorry, the link I gave was bad. See this:
http://www.measuringworth.com/ppowerus/
Gregg
Doing the price comparisons it a lot harder than it seems.
Read this, if you dare....
Six Ways to Compute the Relative Value of a U.S. Dollar Amount
It all depends on how you do the math and what you measure. Kinda like audio. 😀
http://www.measuringworth.com/ppowerus/
Gregg
Doing the price comparisons it a lot harder than it seems.
Read this, if you dare....
Six Ways to Compute the Relative Value of a U.S. Dollar Amount
It all depends on how you do the math and what you measure. Kinda like audio. 😀
Remember a 1947 dime was 90% silver. The melt value of a silver dime today is 76 cents. A silver quarters is $1.91 A silver dollar is $8.19.
Prior to '82, US pennies were made of copper, much more valuable today per weight than 1 cent. Now they are zinc, but zinc will be worth more than 1 cent per penny weight soon.
Back in the early fifties you could buy a good dinner in a family resteraunt for an ounce of silver. You can do so today.
Back in the days of the twenty dollar gold piece(1 oz. of gold) you could buy a good suit of clothes or a fine weapon. You can still do so today.
It is amazing how the buying power of gold and silver has remained remarkably constant.
Back in the days of the twenty dollar gold piece(1 oz. of gold) you could buy a good suit of clothes or a fine weapon. You can still do so today.
It is amazing how the buying power of gold and silver has remained remarkably constant.
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