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Thread: Inflation Calculator

  1. 01-23-2011, 10:33 PM #1
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    Default Inflation Calculator

    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
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  2. 05-13-2013, 11:48 AM #2
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    Default Re: Inflation Calculator

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

    Smithsonian.com






    THIS IS WHERE I WOULD PUT SOMETHING TO REPRESENT MY THINKING, BUT THEN THEY SHOW UP!
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  3. 05-13-2013, 01:37 PM #3
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    Default Re: Inflation Calculator

    Quote Originally Posted by FireWeatherMet View Post
    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!
    THIS IS WHERE I WOULD PUT SOMETHING TO REPRESENT MY THINKING, BUT THEN THEY SHOW UP!
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  4. 05-13-2013, 02:18 PM #4
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    Default Re: Inflation Calculator

    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


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  5. 05-13-2013, 09:00 PM #5
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    Default Re: Inflation Calculator

    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.
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  6. 05-13-2013, 11:45 PM #6
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    Default Re: Inflation Calculator

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

    unfortunately, it's the same hooker.
    100g
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  7. 05-14-2013, 04:55 AM #7
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    Default Re: Inflation Calculator

    Quote Originally Posted by burrocrat View Post
    an hour with a hooker still costs $100 like it did back in the '80's.

    unfortunately, it's the same hooker.
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  8. 05-14-2013, 09:23 AM #8
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    Default Re: Inflation Calculator

    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.
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  9. 05-14-2013, 10:23 AM #9
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    Default Re: Inflation Calculator

    Quote Originally Posted by burrocrat View Post
    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!
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  10. 05-14-2013, 05:37 PM #10
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    Default Re: Inflation Calculator

    Quote Originally Posted by burrocrat View Post
    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....

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  11. 05-14-2013, 05:39 PM #11
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    Default Re: Inflation Calculator

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


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  12. 05-14-2013, 06:51 PM #12
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    Default Re: Inflation Calculator

    OMG! You guys are killing me.
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