Do you know how much $100 in 1950 was equivalent to today's purchasing power?
Recently, UK inflation jumps to the highest in a decade. US inflation hit 31 years high in October as CPI jumped 6.2%.
Some people flirted :"Proof inflation doesn't only impact prices. You can see the nefarious art of shrinkflation. "![]()
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Some people flirted :"Proof inflation doesn't only impact prices. You can see the nefarious art of shrinkflation. "
Do you know how much $100 in 1950 was equivalent to today's purchasing power?
$100 in 1950, equivalent to $8.7 today.
In 70 years, $100 lost 91.3% of its real value.
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CYRPTOS : That’s I don’t CheAt!
romantic Chipmunk_d7 : I didn't understand. My understanding is that for $100 in 1950, what was purchased is only equivalent to what is bought for $8.7 now. Is that how you understand it?
70838691 : It's the same product you could buy for 100 yuan now and only buy it for 8 yuan in 1950
70972565 : This article is too vaguely written... According to the article, 100 yuan in 1950 is equal to 8.7 now. Even people without any common sense of economics know that 100 yuan 70 years ago was definitely worth more than 100 yuan now, let alone 8.7 yuan...
Niuniu88 : What you could buy for $100 in 1950 was only equivalent to what you can buy for $8.7 now. It shows that 1950 was too backward, the conditions were too poor, there were too few things, and the prices were too expensive.
CYRPTOS : Sometimes in life, no matter who you be in life! Small pocket or big pocket. Try to welcome e-commerce with open arms. Not flip it up, kick them on curb. Always be humble no matter what situation be.,peace EveRy one! Much blessings to all investors.