Value of The Dollar Today?

Question: What Is the Value of a Dollar Today?

Answer: The value of the dollar today is less than it was in the past. When the dollar loses value, that's called inflation. That's because prices seem inflated as each dollar is able to buy less and less.

How much lower is today's dollar value? Well, in 1913 you could buy as much with a dollar as you can with $23.19 in 2012, nearly 100 years later. By 1920, the dollar was worth only half, or $11.48 in today's value. Deflation (the opposite of inflation) duringthe Great Depression of 1929 increased the value of the dollar to $13.43. By 1940, the dollar was worth even more -- it could buy as much as $16.40 could today.

By 1950, the dollar's value had dropped even lower than before the Depression. It was worth only $9.53. It has fallen ever since:

• 1960 = $7.76
• 1970 = $5.92
• 1980 = $2.79
• 1990 = $1.76
• 2000 = $1.33
• 2010 - $1.05.

   Is it any wonder that people are turning to gold and trusting local businesses for their gold purchases like Calaveras Coin & Pawn.  Family owned and locally run and operated for the past 25 years.  Located in downtown Angels Camp.