The purchasing power of a U.S. dollar has changed over time. In most years, inflation had decreased the value of a dollar, but during the Great Depression, the value of the dollar went up with negative inflation.
The following graph shows the value of a dollar from 1929 until 2024 based on the accumulated effect of the inflation rate.
Using this data, one can convert dollars from one time period to the equivalent dollar value of another time.
The Value of a Dollar Calculator lets you specify a dollar amount at a specific year and see the equivalent value at a target year. Based on this, you can see what your salary in your first job equated to today and vice versa.
No comments |