@richs09 posted:Just for the sake of some hard numbers re: inflation -- inflation multiplier from date to March 2021:
1950 11.2
1955 9.9
1960 9.0
Arguably inflation is only one means of comparing - and not a perfect one at that, since for things like Lionel trains, technologies etc. have changed so what you get now for, say, $400 is different than what you got for $40 in the mid-fifties. I think simple inflation measures are probably better for things like a loaf of bread or quart of milk... (though for some things like milk, there is the issue of non-market pricing).
I think several issues come into play when making these comparisons.
If I remember correctly, I saw gasoline for 14.9 cents, loaf of bread 5 cents, and a bottle of coke was 5 cents back in the day.
Also, your coin money was made of 90% silver and the paper money was backed by 1 Oz silver bullion on demand.
I think the value of your money, the value of like kind and quality goods, as well as inflation and selling price should be considered.
