- 1 month ago
• "How much would $130,000 in 1992 be worth today?"
💲241,171•77 of 2020's dollars, according to: https://www.in2013dollars.com/us/inflation/1992?am... - a calculator SURE to have been developed by a Yank in 2013. If you click its
current inflation rate
label you will see a graph and some charts that might surprise or please you.
Of course, the calculation DOES depend on which NATION's currency you are talking about (you didn't TELL us!) and how poorly or well that nation's currency has traded during those 28 years. Also on how well the coins or notes have been protected, and/or whether they have been just figures in an interest-bearing account during those 28 years!
I gather that you don't yet realise how MANY nations currently use their OWN 💲, let alone how many nations used to have a 💲 but have changed their currency to some other word (often in their nation's language, not in English). Your word "dollar" derives from the German "thaler". a coin first known as the Joachimsthaler & originally minted in Jáchymov way back in 1517 AD.
Using: https://en.wikipedia.org/wiki/Dollar as my main research tool, I found these 💲s still in use:
AUD, BBD, BND, BSD, BZD, CAD, FJD, GYD, HKD, JMD, KID, KYD, LRD, NAD, NZD, SBD, SGD, SRD, USD, TTD, TVD, TWD, XCD.
I'd rather my nation HADN'T chosen "dollar" for its currency unit - but no doubt that period's politicians foolishly thought that every nation's 💲 would forever be worth the same as every other nation's 💲, so DIDN'T choose a name based on the te reo Māori language of the Polynesians who first discovered this land and migrated here circa 1335±15 AD. (At the time our politicians were dcciding, I was kept busy teaching my pupils the decimal measurements so that they could help their £-s-d AND miles-yards-feet-inches AND tons-cwt-stones-lbs-ounces parents learn them.)
I don't know how long you've been in Y!A, but I point out that we answerers expect you to reward the best attempt by us - and that so far I think only two persons have given you a totally wrong answer or a lazy NON-answer. So the longer you delay, the HARDER it is going to be to decide which is the BEST (despite Verizon > Oath foolishly changing the button's label to "Favourite Answer") answer.
I assume you realise that each time you award a Best/Favourite Answer you are refunded 3 of the 5 points it "costs" you to ASK the question, but reminders never hurt.
King Les The Lofty - first pup in 1950, GSD trainer & breeder as of Easter 1968
- VeschengroLv 61 month ago
check the historical interest rates
- bluebonnetgrannyLv 71 month ago
(c/p) Value of $130,000 from 1992 to 2020
In other words, $130,000 in 1992 is equivalent in purchasing power to about $241,171.77 in 2020, a difference of $111,171.77 over 28 years. The 1992 inflation rate was 3.01%. The current year-over-year inflation rate (2019 to 2020) is now 1.37% 1.
$130,000 in 1992 → 2020 | Inflation Calculatorwww.in2013dollars.com › Inflation › 1992
- Anonymous1 month ago
Value of $130,000 from 1992 to 2020
In other words, $130,000 in 1992 is equivalent in purchasing power to about $241,171.77 in 2020, a difference of $111,171.77 over 28 years. The 1992 inflation rate was 3.01%.
A reality check, in my books, says That dollar saved in 1992, has lost 50¢ in value.
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- Bone AloneLv 71 month ago
130,000. A dollar from 1992 is still a dollar today.