How much is 20,000 dollars in 1950 worth today?
Not Financial Advice:
The $20,000 from 1950 is still $20,000 today, however what has changed is the buying power of that $20,000.
Buying power refers to what you could purchase for a certain amount of money. In this example, what would have cost around $20,000 in 1950 would cost over $191,000!
This is caused by the inflation rate which over this period of time was about 3.71% annually.
If we look at it the other way around, an item that costs $20,000 today would have cost only a little over $2,000 in 1950.
Updated on Thursday, April 19 2012 at 12:23AM EDT
Source:
www.dollartimes.com/...
Collection:
purchasing power
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