My 1st post interesting, but also depressingPrev Topic Next Topic

New Topic New Poll

Shelby Mustang

United States
Member #149,814
December 9, 2013
644 Posts
Offline

Dec 11, 2013, 12:19 pm

Hi everybody, this is my 1st post and I found something while surfin the net it's a inflation calculator...just do a search for CPI inflation calculator...I put in 1,000,000 and the year I was born 1972 and it said back then a million dollars today was worth over 5 million back then. So then I put in the weekly min. wage which is like $290 before taxes and put in 1940 and it was equal to like over 2k!! I see how people were able to buy cars for a couple grand back then...well I just posted it to see if anybody may be interesting in seeing how much less our money is worth and if they may want to play with it, so enjoy
sully16

25

Ringleader

Michigan
United States
Member #81,738
October 28, 2009
128,649 Posts
Online

Dec 11, 2013, 12:28 pm

cool, thanks.
Jill34786

Windermere, FL/Franklin, TN
United States
Member #50,208
March 1, 2007
843 Posts
Offline

Dec 11, 2013, 12:45 pm

That is a good tool for many here to use.

A lot of people have no grasp of how inflation diminishes the value of a dollar. The CPI calculator may shed some light on those who believe the annuity option is ideal especially one that is heavily back end weighted.

The CPI index has been somewhat mild the past 20 years but it was brutal in the 1970's-1980's. I have absolutely no doubt we will all experience a non favorable rise in the coming years.

** Some people fulfill their dreams by receiving entitlements from the Government while others wake up and work hard for it! **
surimaribo24

NEW YORK. RIVERHEAD
United States
Member #106,366
February 17, 2011
9,716 Posts
Offline

Dec 11, 2013, 12:51 pm

thats some cool stuff . thanks for sharing.

PETS#=105-215
Slick Nick

Rochester
United States
Member #103,278
January 1, 2011
952 Posts
Offline

Dec 11, 2013, 1:08 pm

So much has changed since the good old days, from work to money values. Oh well, we have to grin and bear it.. *health first*...

Money is a terrible master, but a great servant...
Think

Marquette, MI
United States
Member #20,540
August 20, 2005
1,220 Posts
Offline

Dec 11, 2013, 5:06 pm

Quote: Originally posted by Shelby Mustang on Dec 11, 2013
Hi everybody, this is my 1st post and I found something while surfin the net it's a inflation calculator...just do a search for CPI inflation calculator...I put in 1,000,000 and the year I was born 1972 and it said back then a million dollars today was worth over 5 million back then. So then I put in the weekly min. wage which is like $290 before taxes and put in 1940 and it was equal to like over 2k!! I see how people were able to buy cars for a couple grand back then...well I just posted it to see if anybody may be interesting in seeing how much less our money is worth and if they may want to play with it, so enjoy

Yes, the Minneapolis Federal Reserve Inflation Calculator.

Those numbers are accurate to a point but they started fudging them awhile back so as to indicate a lower rate than the actual inflation.
SergeM

Economy class
Belgium
Member #123,694
February 27, 2012
4,035 Posts
Offline

Dec 11, 2013, 5:14 pm

Quote: Originally posted by Shelby Mustang on Dec 11, 2013
Hi everybody, this is my 1st post and I found something while surfin the net it's a inflation calculator...just do a search for CPI inflation calculator...I put in 1,000,000 and the year I was born 1972 and it said back then a million dollars today was worth over 5 million back then. So then I put in the weekly min. wage which is like $290 before taxes and put in 1940 and it was equal to like over 2k!! I see how people were able to buy cars for a couple grand back then...well I just posted it to see if anybody may be interesting in seeing how much less our money is worth and if they may want to play with it, so enjoy

Check out how Adolf Hitler got rich, by inflation!
LottoBoner

United States
Member #124,487
March 14, 2012
7,021 Posts
Offline

Dec 11, 2013, 5:52 pm

Quote: Originally posted by Shelby Mustang on Dec 11, 2013
Hi everybody, this is my 1st post and I found something while surfin the net it's a inflation calculator...just do a search for CPI inflation calculator...I put in 1,000,000 and the year I was born 1972 and it said back then a million dollars today was worth over 5 million back then. So then I put in the weekly min. wage which is like $290 before taxes and put in 1940 and it was equal to like over 2k!! I see how people were able to buy cars for a couple grand back then...well I just posted it to see if anybody may be interesting in seeing how much less our money is worth and if they may want to play with it, so enjoy

It may be depressing, but dont worry about it!

It not like your chance of having 5 million back then, or 5 million right now are very good.
helpmewin

100

u$a
United States
Member #106,660
February 22, 2011
19,960 Posts
Offline

Dec 11, 2013, 5:56 pm

Quote: Originally posted by LottoBoner on Dec 11, 2013
It may be depressing, but dont worry about it!

It not like your chance of having 5 million back then, or 5 million right now are very good.

I Like that
Coin Toss

Zeta Reticuli Star System
United States
Member #30,469
January 17, 2006
11,791 Posts
Offline

Dec 11, 2013, 5:59 pm

Good post, Shelby Mustang, thanls for posting it.

In the threads here about taking the annuity vs the cash option things like this are discussed and it's hard to convince people that what may sound like an annual fortune now may not by a house - or a car! - by the time the last check is received.

In the early 1970's Mercury sold an import car called the Capri and for several years running it was advertised as "The sexy European for under $2300."

Those who run the lotteries love it when players look for consistency in something that's designed not to have any. So many systems, so many theories, so few jackpot winners.

There is one and only one 'proven' system, and that is to book the action. No matter the game, let the players pick their own losers.
Jill34786

Windermere, FL/Franklin, TN
United States
Member #50,208
March 1, 2007
843 Posts
Offline

Dec 11, 2013, 6:00 pm

Quote: Originally posted by Think on Dec 11, 2013
Yes, the Minneapolis Federal Reserve Inflation Calculator.

Those numbers are accurate to a point but they started fudging them awhile back so as to indicate a lower rate than the actual inflation.

"Those numbers are accurate to a point but they started fudging them awhile back"

Much of the data coming out from the Feds/Government is unfortunately manipulated these days.

** Some people fulfill their dreams by receiving entitlements from the Government while others wake up and work hard for it! **
LottoBoner

United States
Member #124,487
March 14, 2012
7,021 Posts
Offline

Dec 11, 2013, 6:49 pm

Quote: Originally posted by Coin Toss on Dec 11, 2013
Good post, Shelby Mustang, thanls for posting it.

In the threads here about taking the annuity vs the cash option things like this are discussed and it's hard to convince people that what may sound like an annual fortune now may not by a house - or a car! - by the time the last check is received.

In the early 1970's Mercury sold an import car called the Capri and for several years running it was advertised as "The sexy European for under $2300."

Thats very interesting CT.

I was once rejected at the Bunny Ranch in Nevada by "A sexy European with a price tag of under $2300 an hour"
Shelby Mustang

United States
Member #149,814
December 9, 2013
644 Posts
Offline

Dec 11, 2013, 7:33 pm

Quote: Originally posted by Coin Toss on Dec 11, 2013
Good post, Shelby Mustang, thanls for posting it.

In the threads here about taking the annuity vs the cash option things like this are discussed and it's hard to convince people that what may sound like an annual fortune now may not by a house - or a car! - by the time the last check is received.

In the early 1970's Mercury sold an import car called the Capri and for several years running it was advertised as "The sexy European for under $2300."

God I wish I could buy a new car for $2300 LOL

New Topic New Poll

Subscribe to this topic

My 1st post interesting, but also depressingPrev TopicNext Topic

My 1st post interesting, but also depressingPrev Topic Next Topic