# $28,643 in 1915 is worth$86,779.78 in 1963

$28,643 in 1915 has the same purchasing power as$86,779.78 in 1963. Over the 48 years this is a change of $58,136.78. The average inflation rate of the dollar between 1915 and 1963 was 2.49% per year. The cumulative price increase of the dollar over this time was 202.97%. ## The value of$28,643 from 1915 to 1963

So what does this data mean? It means that the prices in 1963 are 867.80 higher than the average prices since 1915. A dollar in 1963 can buy 33.01% of what it could buy in 1915.

We can look at the buying power equivalent for $28,643 in 1915 to see how much you would need to adjust for in order to beat inflation. For 1915 to 1963, if you started with$28,643 in 1915, you would need to have $86,779.78 in 1915 to keep up with inflation rates. So if we are saying that$28,643 is equivalent to $86,779.78 over time, you can see the core concept of inflation in action. The "real value" of a single dollar decreases over time. It will pay for fewer items at the store than it did previously. In the chart below you can see how the value of the dollar is worth less over 48 years. ## Value of$28,643 Over Time

In the table below we can see the value of the US Dollar over time. According to the BLS, each of these amounts are equivalent in terms of what that amount could purchase at the time.

Year Dollar Value Inflation Rate
1915 $28,643.00 1.00% 1916$30,911.75 7.92%
1917 $36,300.04 17.43% 1918$42,822.70 17.97%
1919 $49,061.77 14.57% 1920$56,718.81 15.61%
1921 $50,763.34 -10.50% 1922$47,643.80 -6.15%
1923 $48,494.58 1.79% 1924$48,494.58 0.00%
1925 $49,628.96 2.34% 1926$50,196.15 1.14%
1927 $49,345.37 -1.69% 1928$48,494.58 -1.72%
1929 $48,494.58 0.00% 1930$47,360.21 -2.34%
1931 $43,106.30 -8.98% 1932$38,852.39 -9.87%
1933 $36,867.23 -5.11% 1934$38,001.60 3.08%
1935 $38,852.39 2.24% 1936$39,419.57 1.46%
1937 $40,837.54 3.60% 1938$39,986.76 -2.08%
1939 $39,419.57 -1.42% 1940$39,703.17 0.72%
1941 $41,688.33 5.00% 1942$46,225.83 10.88%
1943 $49,061.77 6.13% 1944$49,912.55 1.73%
1945 $51,046.93 2.27% 1946$55,300.84 8.33%
1947 $63,241.48 14.36% 1948$68,346.17 8.07%
1949 $67,495.39 -1.24% 1950$68,346.17 1.26%
1951 $73,734.46 7.88% 1952$75,152.43 1.92%
1953 $75,719.61 0.75% 1954$76,286.80 0.75%
1955 $76,003.21 -0.37% 1956$77,137.58 1.49%
1957 $79,689.93 3.31% 1958$81,958.68 2.85%
1959 $82,525.87 0.69% 1960$83,943.84 1.72%
1961 $84,794.62 1.01% 1962$85,645.41 1.00%