My First Parker. What Grade Is It?

[Bindlestiff]

Originally Posted by Bill Kekatos

5. Wonder what would $100 in 1902 would be equivalent to today in order to determine its cost in today's value of money.
Thank you. BillK

Interesting question. I went to the internet and found several pages that compute the answer but none of them went back farther than 1913. I think they all use Consumer Price Index to compute the answer and I'll bet the CPI records only go back to 1913.

Anyway, In these web pages it seems that $1 in 1913 equates to $23.95 in 2015. That is much more than I expected! But maybe?

Here is a link that explains how they compute this:
https://www.minneapolisfed.org/commu...or-information

Click on the "CPI calculator" link on that page to find the tool to calculate for other years if you want to play.

[Wild Skies]

Originally Posted by Robin Lewis

Interesting question. I went to the internet and found several pages that compute the answer but none of them went back farther than 1913.

Robin, go here: http://www.measuringworth.com/uscompare/