ALLOWANCES FOR TIME

One of Bob’s favorite questions for clerks is “How much is that in American money?” It sometimes starts them thinking.

If you got an allowance of $1 a week as an eight-year old child born in 1964, what’s the equivalent today? Threejars.com just added an “allowance calculator” to figure that out for you.  To match that $1 a week, you need to pay today’s eight-year-old child $5.21 a week.

Here’s a further thought: $1 in 1913, the year the Federal Reserve Board was established, is worth a little less than five cents today. The calculation was based on the consumer price index. You can do more comparisons at measuringworth.com.

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