Inflation Calculator

[ArchAngel]

Any idea what your dollar will be worth 10, 20, 30 years from now? Here's a link I found that will tell you how far that $450,000 you have today will get you in 2045's (or whenever) dollars. It accounts for whatever inflation percentage you decide to put in and will show you reduced amount of that dollar and a required amount of that same dollar.

Pretty good tool to help answer that biting question, "Will I have enough?"

http://www.buyupside.com/calculators/inflationjan08.htm

 

[Frixxxx]

Saw this thread and remembered this from a discussion in school at the time (from 1982 Omni Future Almanac):

Smithsonian.com

 

[Frixxxx]

Interesting that the price of a gallon of gas goes down from $4 in 1990 down to $2 in 2000 and 2010.
At the same time prices of foods like hamburger, corn, eggs continue to exponentially rise.

Guess the Omni folks didn't know that the main effect on rising food prices...is the price of gas at the pumps!

I think it predicted more alternative fuels causing the petrol market to stagnate.....I need to get a copy of this thing!

 

[nnuut]

Fuel is one of the biggest drivers of inflation, but you would never know it by looking at the CPI!

Is inflation higher than you think?

By Sheyna Steiner • Bankrate.com
Highlights

• The core inflation rate eliminates food and fuel due to their volatility.
• Commodities account for a small percentage of packaged food prices.
• Price changes in commodities have short-term and long-term effects.

Read more: Why the official inflation rate seems low
Follow us: @Bankrate on Twitter | Bankrate on Facebook

 

[jimijr]

I have used a ledger to keep track of expenses down the years. Here are some from 1978 -- 5 gal gas $3.30; motel $19.24; dinner for two, movie, drinks $32.00. By my estimate prices are doubling every 20 years. I think of dollars as dimes.

 

[burrocrat]

an hour with a hooker still costs $100 like it did back in the '80's.

unfortunately, it's the same hooker.

 

[RealMoneyIssues]

an hour with a hooker still costs $100 like it did back in the '80's.

unfortunately, it's the same hooker.

Little piggy, you are just wrong sometimes...

 

[jimijr]

Well, that's another thing. If you happened to be a serviceman stationed in the Panama Canal Zone in 1971 you could get one of those for $20.

 

[jpcavin]

an hour with a hooker still costs $100 like it did back in the '80's.

unfortunately, it's the same hooker.

This is so wrong but so utterly funny. Well done Donkey!

 

[Stoplight]

an hour with a hooker still costs $100 like it did back in the '80's.

unfortunately, it's the same hooker.

WAY TOO FUNNY !!!

OTOH, you now get the FULL hour, unlike when you were a young buck !

Sorry...couldn't resist....

Stoplight...

 

[Stoplight]

Remember ! "Compound Interest", which is such a Friend to our investment accounts, goes BOTH ways !!!


Stoplight...

 

[jpcavin]

OMG! You guys are killing me.

 

[burrocrat]

Well, that's another thing. If you happened to be a serviceman stationed in the Panama Canal Zone in 1971 you could get one of those for $20.

i think you might be confusing exchange rate with inflation rate in that example.

 

[burrocrat]

WAY TOO FUNNY !!!

OTOH, you now get the FULL hour, unlike when you were a young buck !

Sorry...couldn't resist....

Stoplight...

i always made her talk to me for the first 59 minutes to make sure i got my money's worth. sometimes she would pay me just to get out of there. who's the whore now, huh? take that honey.

 

[burrocrat]

This is so wrong but so utterly funny. Well done Donkey!

in all seriousness, the hooker analogy was the only way i could understand what chained consumer price index means. apparently with chained cpi the cost of goods and services increases but your paycheck doesn't. so you got to step down the ladder as they say, from ribeye to chicken thigh if you want to eat.

but the way they sell it makes it seem like no big deal. sure things cost more and you only got the same amount of money to spend, but if you do it right you can still afford meat and enjoy a similar quality of life. don't hate the player, hate the game.