People often say I had one of those and wish I had kept it, it would be worth a fortune, whether an old car or a gun. I always reply, well buy one today and many years down the road you can say I'm glad I kept it.
So here is what the $2000 in 1980 is worth today. If you would have redeemed it in 1980 for $2000, why not do it today?
U.S. Inflation Rate, $2,000 from 1980 to 2020
According to the Bureau of Labor Statistics consumer price index, today's prices in 2020 are 213.93% higher than average prices since 1980. The U.S. dollar experienced an average inflation rate of 2.90% per year during this period, meaning the real value of a dollar decreased.
In other words, $2,000 in 1980 is equivalent in purchasing power to about $6,278.59 in 2020, a difference of $4,278.59 over 40 years.
The 1980 inflation rate was 13.50%. The current inflation rate (2019 to 2020) is now 2.33%1.
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