Quote:
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
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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.
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