Rabbit Trail: Price of a Dog (or Two)
Estimated Time: 5 minutes
Billy finds a magazine that advertises dogs for $25 a piece. He really wants to order two dogs. Fifty dollars may not seem like a lot today, but in 1933 it was. Check out the calculator below to find out how much that would be in today's money.
Inflation Rate between 1933-2020 | Inflation Calculator
According to the Bureau of Labor Statistics consumer price index, today's prices in 2020 are 1,876.72% higher than average prices since 1933. The U.S. dollar experienced an average inflation rate of 3.49% per year during this period, meaning the real value of a dollar decreased.
Would you consider raising that much money to buy something you really wanted? Have you ever tried to save that large of a sum of money?
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