{"id":23431,"date":"2022-05-02T08:15:59","date_gmt":"2022-05-02T12:15:59","guid":{"rendered":"https:\/\/www.thundercloud.net\/infoave\/new\/?p=23431"},"modified":"2022-05-02T08:15:59","modified_gmt":"2022-05-02T12:15:59","slug":"the-inflation-calculator-will-make-you-wish-you-could-go-back-in-time","status":"publish","type":"post","link":"https:\/\/www.thundercloud.net\/infoave\/new\/the-inflation-calculator-will-make-you-wish-you-could-go-back-in-time\/","title":{"rendered":"The Inflation Calculator Will Make You Wish You Could Go Back in Time"},"content":{"rendered":"<p>&nbsp;<\/p>\n<p><span style=\"font-family: helvetica, arial, sans-serif;\"><strong><span style=\"font-size: 24pt;\"><br \/>\nThe Inflation Calculator Will Make You Wish You Could Go Back in Time<\/span><\/strong><\/span><\/p>\n<p><span style=\"font-family: helvetica, arial, sans-serif; font-size: 14pt;\">Inflation, inflation, inflation. It&#8217;s all over the news these days. Heck, you don&#8217;t need any news bobbleheads to tell you that prices are soaring. Have you filled up your tank lately? How about eggs? Bought any eggs recently. Heck a month ago around my neck of the woods, eggs were seventy-nine cents a dozen. Granted they weren&#8217;t the free-range ultra-organic eggs, but eggs nonetheless. Today a dozen eggs cost $2.79.<\/span><\/p>\n<p><span style=\"font-family: helvetica, arial, sans-serif; font-size: 14pt;\">Have you ever wondered what inflation has done to our dollar?<\/span><\/p>\n<p><span style=\"font-family: helvetica, arial, sans-serif; font-size: 14pt;\">There\u2019s a site where you can see how much $100 in today\u2019s money would be worth, let\u2019s say, in the 1960\u2019s money. If you\u2019re curious, $100 in 2022 money would have purchased about $10.55 worth of goods\/services in 1960. According to the Inflation Calculator&#8230;<\/span><\/p>\n<blockquote><p><span style=\"font-family: helvetica, arial, sans-serif; font-size: 14pt;\">Adjusted for inflation, $100.00 in 2022 is equal to $10.55 in 1960.<\/span><br \/>\n<span style=\"font-family: helvetica, arial, sans-serif; font-size: 14pt;\">Annual inflation over this period was 3.69%.<\/span><\/p><\/blockquote>\n<p><span style=\"font-family: helvetica, arial, sans-serif; font-size: 14pt;\">A house that cost\u00a0 $45,000 in 1965 would cost $402,118 in 2022.<\/span><\/p>\n<p><span style=\"font-family: helvetica, arial, sans-serif; font-size: 14pt;\">The Inflation Calculator says&#8230;<\/span><\/p>\n<blockquote>\n<div><span style=\"font-family: helvetica, arial, sans-serif; font-size: 14pt;\">$402,118<\/span><\/div>\n<div><span style=\"font-family: helvetica, arial, sans-serif; font-size: 14pt;\">Adjusted for inflation, $45,000 in 1965 is equal to $402,118 in 2022.<\/span><\/div>\n<div><span style=\"font-family: helvetica, arial, sans-serif; font-size: 14pt;\">Annual inflation over this period was 3.92%.<\/span><\/div>\n<\/blockquote>\n<div><span style=\"font-family: helvetica, arial, sans-serif; font-size: 14pt;\">Darcy pays me about $50\u00a0 a week. That would be a living wage if we were living in 1954.<\/span><\/div>\n<blockquote>\n<div><span style=\"font-family: helvetica, arial, sans-serif; font-size: 14pt;\">$518.22<\/span><br \/>\n<span style=\"font-family: helvetica, arial, sans-serif; font-size: 14pt;\">Adjusted for inflation, $50.00 in 1954 is equal to $518.22 in 2022.<\/span><br \/>\n<span style=\"font-family: helvetica, arial, sans-serif; font-size: 14pt;\">Annual inflation over this period was 3.50%.<\/span><\/div>\n<\/blockquote>\n<div>\n<p><span style=\"font-family: helvetica, arial, sans-serif; font-size: 14pt;\">Heck, I could make more being a greeter at Walmart! Shame on you, <em>Darcy. How do you sleep?<\/em><\/span><\/p>\n<p><span style=\"font-family: helvetica, arial, sans-serif; font-size: 14pt;\">Anyway, let&#8217;s say you&#8217;re getting Social Security and you&#8217;re making $1800 a month in 2022&#8230; imagine if you could go back in time to 1960, you&#8217;d be making $17,070 a month. That&#8217;s about $4,064 a week or $204,840.00 a year.\u00a0 What a retirement you&#8217;d have.<\/span><\/p>\n<\/div>\n<blockquote>\n<div><span style=\"font-family: helvetica, arial, sans-serif; font-size: 14pt;\">$17,070<\/span><br \/>\n<span style=\"font-family: helvetica, arial, sans-serif; font-size: 14pt;\">Adjusted for inflation, $1,800 in 1960 is equal to $17,070 in 2022.<\/span><br \/>\n<span style=\"font-family: helvetica, arial, sans-serif; font-size: 14pt;\">Annual inflation over this period was 3.69%.<\/span><\/div>\n<\/blockquote>\n<p><span style=\"font-family: helvetica, arial, sans-serif; font-size: 14pt;\">The folks at Dollar Times, who created the Inflation Calculator, want you to know&#8230;<\/span><\/p>\n<blockquote><p><span style=\"font-family: helvetica, arial, sans-serif; font-size: 14pt;\">A dollar just ain&#8217;t what it used to be. Our inflation calculator will tell you the relative buying power of a dollar in the United States between any two years from 1914\u20132022. It will also calculate the rate of inflation during the time period you choose.<\/span><\/p>\n<p><span style=\"font-family: helvetica, arial, sans-serif; font-size: 14pt;\">We determine the value of a dollar using the Consumer Price Index from December of the previous year. All calculations are approximate.<\/span><\/p>\n<p><span style=\"font-family: helvetica, arial, sans-serif; font-size: 14pt;\">Fun fact: In 2021, inflation surged to over 7%, the highest rate since 1982.<\/span><\/p><\/blockquote>\n<p><span style=\"font-family: helvetica, arial, sans-serif; font-size: 14pt;\">It&#8217;s time to see how much inflation has affected you over your lifetime. One thing we know for sure &#8212; you\u2019ll find the Inflation Calculator interesting, if not useful. <\/span><\/p>\n<p><strong><span style=\"font-family: helvetica, arial, sans-serif; font-size: 18pt;\"><a href=\"https:\/\/www.dollartimes.com\/inflation\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"text-decoration: underline;\">Check out the Inflation Calculator here<\/span><\/a><\/span><\/strong><\/p>\n<p><span style=\"font-family: helvetica, arial, sans-serif; font-size: 14pt;\"><img decoding=\"async\" src=\"https:\/\/thundercloud.net\/infoave\/images\/2022\/inflation.png\" alt=\"Cloudeight InfoAve\" \/><\/span><\/p>\n<p><strong><span style=\"font-family: helvetica, arial, sans-serif; font-size: 18pt;\">Not Living in the USA? No worries!<\/span><\/strong><\/p>\n<p><span style=\"font-family: helvetica, arial, sans-serif; font-size: 14pt;\">If you\u2019re living in someplace other than the USA,\u00a0 do not fret. Do you know how easy it is to convert U.S. dollars to your brand of money? If you use Google as your default search engine, just type the following into your browser\u2019s address bar.<\/span><\/p>\n<p><span style=\"font-family: helvetica, arial, sans-serif; font-size: 14pt;\">Great Britain<\/span><br \/>\n<span style=\"font-family: helvetica, arial, sans-serif; font-size: 14pt;\">100 GBP USD<\/span><\/p>\n<p><span style=\"font-family: helvetica, arial, sans-serif; font-size: 14pt;\">Australia<\/span><br \/>\n<span style=\"font-family: helvetica, arial, sans-serif; font-size: 14pt;\">100 AUD USD<\/span><\/p>\n<p><span style=\"font-family: helvetica, arial, sans-serif; font-size: 14pt;\">New Zealand<\/span><br \/>\n<span style=\"font-family: helvetica, arial, sans-serif; font-size: 14pt;\">100 NZD USD<\/span><\/p>\n<p><span style=\"font-family: helvetica, arial, sans-serif; font-size: 14pt;\">Canada<\/span><br \/>\n<span style=\"font-family: helvetica, arial, sans-serif; font-size: 14pt;\">100 CAD USD<\/span><\/p>\n<p><span style=\"font-family: helvetica, arial, sans-serif; font-size: 14pt;\">Instant conversion!<\/span><\/p>\n<p><strong><span style=\"font-family: helvetica, arial, sans-serif; font-size: 18pt;\"><a href=\"https:\/\/www.dollartimes.com\/inflation\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"text-decoration: underline;\">Check out the Inflation Calculator here<\/span><\/a><\/span><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; The Inflation Calculator Will Make You Wish You Could Go Back in Time Inflation, inflation, inflation. It&#8217;s all over the news these days. Heck, you don&#8217;t need any news bobbleheads to tell you that prices are soaring. Have you filled up your tank lately? How about eggs? Bought any eggs recently. Heck a month ago around my\u2026 <span class=\"read-more\"><a href=\"https:\/\/www.thundercloud.net\/infoave\/new\/the-inflation-calculator-will-make-you-wish-you-could-go-back-in-time\/\">Read More &raquo;<\/a><\/span><\/p>\n","protected":false},"author":1,"featured_media":20268,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[151],"tags":[3531,1082],"_links":{"self":[{"href":"https:\/\/www.thundercloud.net\/infoave\/new\/wp-json\/wp\/v2\/posts\/23431"}],"collection":[{"href":"https:\/\/www.thundercloud.net\/infoave\/new\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.thundercloud.net\/infoave\/new\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.thundercloud.net\/infoave\/new\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.thundercloud.net\/infoave\/new\/wp-json\/wp\/v2\/comments?post=23431"}],"version-history":[{"count":8,"href":"https:\/\/www.thundercloud.net\/infoave\/new\/wp-json\/wp\/v2\/posts\/23431\/revisions"}],"predecessor-version":[{"id":23439,"href":"https:\/\/www.thundercloud.net\/infoave\/new\/wp-json\/wp\/v2\/posts\/23431\/revisions\/23439"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.thundercloud.net\/infoave\/new\/wp-json\/wp\/v2\/media\/20268"}],"wp:attachment":[{"href":"https:\/\/www.thundercloud.net\/infoave\/new\/wp-json\/wp\/v2\/media?parent=23431"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.thundercloud.net\/infoave\/new\/wp-json\/wp\/v2\/categories?post=23431"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.thundercloud.net\/infoave\/new\/wp-json\/wp\/v2\/tags?post=23431"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}