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How much would a 100 dollars be 15 years from now?

I talked to an old gentleman the other day. He retired 15 years ago. I asked him if he got a cost of living allowance. He said no...ugh!

BucketlistBob 8 Dec 26
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13 comments

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1

It would still be 100 dollars - it would just be WORTH damn all.

1

yep, $100, hard to speculate on its future value, my guess is it would buy you what $46-50 would buy you today.

1

Perhaps worth less than toilet paper.

1

Lol!

3

Still $100... just wouldn't buy you much. Too many peopled want more than their fair share.

godef Level 7 Dec 26, 2017
3

We got a 2% increase in Social Security but my Medicare went up $35 a month.

Hmmm.... I better check mine.

2

Who knows? With what is happening with tRUMP and the Republicans maybe inflation by 25%. All can't stay rosy with the stock market either. I'm no financial genius though.

2

It all depends on what inflation does. Right now the rate of inflation is pretty low, and has been for a little while. But with the current administration, who knows. When I was a kid a Coke and a candy bar were a nickel apiece.

That's less than my quarter...wow.

A quarter would buy you a hamburger.

@TommyMeador I remember that Tommy. I think McDonald's had a 15 cent hotdog.

When McDonalds opened in MA hamburgers were 18 cents. A coke was 10 cents and yes larger real chocolate candy bars were 5 cents. Hershey changed their formula-more air in it now-worked forthem 5 years.

@sassygirl3869 did you know that we sold wax to Hersheys? It refined it from crude oil. I worked a refinery...lol. we were eating dinosaurs and dead vegetation and whatever makes oil...lol.

1

In 15 years we may be using Renminbi/Yuan. The dollar will be worth zip.

I was thinking we would be using the Euro.

China is moving faster.

@evidentialist they own us already anyway

2

You can use an investment calculator to get an estimate of the future value of money in equivalent today's dollars. Instead of interest, simply put a negative rate for inflation.

Historical rates of inflation can be found documented all over; I used this: [usinflationcalculator.com]

Looking at the rates, I estimate that 3% annual rate of inflation would be a conservative number to use.

[calculator.net]

In 15years at an annual inflate rate of 3%, $100 would have the equivalent purchasing power of about $63 dollars today.

Gener Level 5 Dec 26, 2017
1

It'll still be $100. It's just won't buy as much as $100 today.

Well...ok. with inflation as it is. You say it want buy as much as today. How much is your as much?

1

It would depend on if the United States follows the example of war-footed Rome. Shed blood of innocents, and in the I,mortal words of Robert E. Heinlien, "...maintain a state of sustained violence." Or, you could be an optimist, and see the elimination of sovereign currencies entirely.

Ok... I got a little degree in machine shop. Could you simplify your answer for me?

1

30 yen?

Do I have to look up yen? Or could express your answer to dollars?

I was being sarcastic

@Gatovicolo well... heck... that's ok. I'm just happy. What would you think?

I’m not sure

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