Here's a fun calculator on Money.com: Allowance Inflation.
It looks like what my parents gave me in 1985 when I was 9 years old would be worth nearly double that amount in today's dollars. Wow!
Did you have to save part of your allowance as a kid? I did. It definitely was not fun back then...but it paid off. (Parents can be pretty smart sometimes!) We'll talk more that later this week.
Monday, April 14, 2008
How Much Would Your Allowance Be Worth Today?
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1 comment:
My 50 cents in 1980 ballooned to a whopping $1.26. Quite the increase in terms of percentages, but still a small amount in your pocket. Plus, the price of a pack of Fruit Stripe has also increased.
I didn't save so much as hoard. I would collect it until I had enough to blow it all on something cool. Luckily, now I'm much better about saving and not blowing it all.
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