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How much would $1.50 in 1945 be worth today?

19 点作者 wqfeng超过 11 年前

14 条评论

jccooper超过 11 年前
If you had $1.50 in 1945 and held it until today, you&#x27;d have $1.50. Problem is, in 1945 it would have bought you lunch for a week, and today it would buy you one miniature fast food hamburger.<p>My parents tell me tales of my great grandparents who didn&#x27;t trust the banks and probably buried money in the yard near where I live. If they buried it in cash, well, it wouldn&#x27;t be a very impressive sum today.<p>That same $1.50 invested at 3%, you&#x27;d have... $12.22 today. A little better, but inflation&#x27;s still pretty rough. You&#x27;d have been better off buying that pair of overalls in 1945.<p>Now, $1.50 worth of gold in 1945 would be worth $57-ish today, so if my great grandparents didn&#x27;t trust the greenback either, then that theoretical coffee can is worth something. But don&#x27;t take that as investment advice; the dollar price of gold went through the roof when the dollar was taken off the gold standard (go figure) and that&#x27;s not going to happen twice.
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aidenn0超过 11 年前
Even better: the half-cent was last minted in 1857 so:<p><pre><code> $us0.005 1857 today 14.04¢ (2014 US dollars) </code></pre> So the half-cent was worth more than a dime when it was eliminated, and the penny (new smallest denomination) was worth more than a quarter. We could simplify our currency by eliminating all coins smaller than a quarter and have currency in similar resolution to 1857.
EricBurnett超过 11 年前
I get the query &quot;$1.50 1945 today&quot; with no answer. What am I supposed to see?
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baldajan超过 11 年前
Fix: $1.50 USD 1945 today<p>The problem with this query is, wolframalpha auto detects location and uses the $ currency (if available) in that country. So it only really works in the states, and maybe countries that don&#x27;t have a $ currency.
Jxnathan超过 11 年前
$1.50 in 1785 (when US dollars were issued) <a href="http://www.wolframalpha.com/input/?i=%241.50+1785+today" rel="nofollow">http:&#x2F;&#x2F;www.wolframalpha.com&#x2F;input&#x2F;?i=%241.50+1785+today</a>
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ChuckMcM超过 11 年前
The more interesting result is that what was &quot;worth&quot; $1.00 in 1945 is &quot;worth&quot; $13.20 today. Of course a nice family car was $1,500 in 1945, which would be $19,800 today, except you can&#x27;t buy a nice family car for $19,800 today. Its quite useful to compare things like &quot;how many hours of labor bought you car?&quot; or what percentage of your production went to feeding your family. That is when you start looking at whether or not people are better or worse off than they were in 1945.
billforsternz超过 11 年前
I remember reading a Time magazine article about inflation around 1980 when I was at university. I remember it projected to the not too distant future (maybe to 2000?) and said, and I quote because it stuck in my mind; &quot;We&#x27;ll probably all make $100,000 then, but the downside will be that a candy bar will probably cost a whole dollar&quot;. I think of it whenever I buy a confectionary item, invariably for multiple dollars.
snowwrestler超过 11 年前
I&#x27;ve come to believe that inflation is the least-understood concept in personal finance. The fact that this is on the HN homepage seems like evidence supporting that.
Ozark超过 11 年前
for anyone using it outside the US try &quot;$us1.50 1945 today&quot; or it will attempting this with your local currency and there will probably be no data
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wqfeng超过 11 年前
It&#x27;s interesting. I&#x27;d like to see more countries. How about <i>¥1 1980 today</i> ?
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WalterBright超过 11 年前
The US had no net inflation from 1800-1914, and endemic inflation ever since.
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bryan_rasmussen超过 11 年前
That&#x27;s a pretty lousy rate of return for inventing time travel really.<p>The normal way one calculates this is by buying power of those dollars - what could you buy then and what would it cost now.<p>But really I could have bought a Sub-Mariner comics #15 in mint condition, and it would be worth quite a bit more today.
foocc超过 11 年前
I get:<p>Assuming Hong Kong dollars for &quot;$&quot;<p>HK$1.50 (Hong Kong dollars) to | today<p>(no exchange data available)
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benched超过 11 年前
Inflation is very powerful. I always feel like people don&#x27;t think about it in enough detail. For example, the year that your dollars were worth twice what they are now? That would be the long-ago time of ... 1988. Did you learn your general sense for how much &quot;20 dollars&quot; is in the &#x27;80s? Doesn&#x27;t &quot;40 dollars&quot; just <i>sound</i> like more, somehow? I wonder how many people mentally account for just how elastic nominal amounts are.
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