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linuxgnuru's avatar

How much was $1,200 in 1973?

Asked by linuxgnuru (207points) February 17th, 2011

I was waching an old Newheart show and he got a watch for $1,250 and I was wondering how much that would be in today’s dollars

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7 Answers

podwarp's avatar

According to: http://www.usinflationcalculator.com/

The price would be $5,951.97 today (396% inflation). Wow!

podwarp (803points)“Great Answer” (4points) Flag as…
jaytkay's avatar

A mid-sized car, the 1973 Chevrolet Chevelle Deluxe, started at $2,719.

Link

jaytkay (25810points)“Great Answer” (2points) Flag as…
zenvelo's avatar

In August of 1972 my father bought a ‘72 Plymouth Duster with the Gold Duster package for $3,000 out the door, including tax, prep, license.

zenvelo (39546points)“Great Answer” (1points) Flag as…
bob_'s avatar

@podwarp That gives an average annual inflation of about 4.2%, which is somewhat high but not as impressive. Compounding is quite something.

bob_ (21940points)“Great Answer” (1points) Flag as…
Response moderated (Unhelpful)
jerv's avatar

@bob_… which s why you should start saving young. Even a couple of dollars wil be real money if you give it time :D

jerv (31076points)“Great Answer” (0points) Flag as…
Response moderated (Unhelpful)

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