BLOG: Why Your $1 is Equal to $22
It’s summertime, gas prices tend to go up, vacations cost money, or maybe you’re paying for a babysitter to watch the kids while they’re not in school. If all of this leaves you wanting to plant a so-called “money tree” maybe this will make you feel a little better. The value of that dollar in your wallet sure has increased in the last 100 years.
Check out how things have changed in the last century, according to The Cost of Living.
One dollar in 1913 is equal to around $22 today.
The average house cost $5,935
Equivalent today: $131,171
The average car cost $600
Equivalent today: $13,261
The average annual wage was $585
Equivalent today: $12,929
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