papyrusbeetle Posted November 21, 2018 Share Posted November 21, 2018 Help! A question about what would $10,000 (in 1924) be worth TODAY? This is approximately the year in the movie GIANT, when the horse was purchased for $10,000. Thanks, if you can help! Link to comment Share on other sites More sharing options...
LawrenceA Posted November 21, 2018 Share Posted November 21, 2018 $10,000.00 in 1924 equals approx. $146,176.30 in 2018 dollars. 1 Link to comment Share on other sites More sharing options...
papyrusbeetle Posted November 21, 2018 Author Share Posted November 21, 2018 Thanks a million!!!! I really appreciate your speed of light response. :=) Link to comment Share on other sites More sharing options...
TopBilled Posted November 21, 2018 Share Posted November 21, 2018 2 hours ago, papyrusbeetle said: Thanks a million!!!! I really appreciate your speed of light response. :=) For future reference, here's an inflation calculator: http://www.in2013dollars.com/1860-dollars-in-2017?amount=1 1 Link to comment Share on other sites More sharing options...
Sgt_Markoff Posted November 22, 2018 Share Posted November 22, 2018 Good job. I too was looking into a question like this a while back. A site I found to assist, was this: http://www.historicalstatistics.org/Currencyconverter.html 1 Link to comment Share on other sites More sharing options...
LawrenceA Posted November 22, 2018 Share Posted November 22, 2018 Here's the one I use. It's from the Bureau of Labor Statistics. https://www.bls.gov/data/inflation_calculator.htm 1 Link to comment Share on other sites More sharing options...
Sgt_Markoff Posted November 22, 2018 Share Posted November 22, 2018 Now I remember. I was trying to figure out whether the smaller US population of the post-bellum period (but before the rise of the great fortunes and gunboat diplomacy which expanded our national debt) enjoyed measurable differences in their household savings. In the end I was frustrated by the whole exercise. Reduced to reckoning what pocket money and personal savings were like by looking at cowboy wages. A crony's opinion was that even though there was no income tax and no national deficit, people were still worse off fiscally than they are now. In his view, fat-cat capitalists never ruined our nation at all. Link to comment Share on other sites More sharing options...
shutoo Posted November 22, 2018 Share Posted November 22, 2018 you have to look at the whole picture...in 1924, the average new house cost 7,720, sirloin steak was about 40 cents a pound, bread was 9 cents, the average income was 2,196..but as far as fat cats go..since 1978 workers income has increased 11.2 percent, and CEO's has increased 937 percent (in 78, ceo's made about 30 times their worker's salary..now it's 271 times as much)..remember, the term 'trickle down' was first a Will Rogers joke about Hoover's failed economic policies 1 Link to comment Share on other sites More sharing options...
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