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This is a nifty, simple way to calculate inflation.
For example, in 1966 I got my first real job in a grocery store and earned $1.25/hr. Today that would be like earning $9.23. Buying a $26,000 house in 1965 would be like buying a $195k house today. In 1973 I paid $100/month rent for a studio (effieiency) apartment - which would be $552 in today's dollars.
Try it.
http://www.dollartimes.com/calculators/inflation.htm
For example, in 1966 I got my first real job in a grocery store and earned $1.25/hr. Today that would be like earning $9.23. Buying a $26,000 house in 1965 would be like buying a $195k house today. In 1973 I paid $100/month rent for a studio (effieiency) apartment - which would be $552 in today's dollars.
Try it.
http://www.dollartimes.com/calculators/inflation.htm
