# $60,463 in 1920 is worth$105,205.62 in 1968

$60,463 in 1920 has the same purchasing power as$105,205.62 in 1968. Over the 48 years this is a change of $44,742.62. The average inflation rate of the dollar between 1920 and 1968 was 1.56% per year. The cumulative price increase of the dollar over this time was 74.00%. ## The value of$60,463 from 1920 to 1968

So what does this data mean? It means that the prices in 1968 are 1,052.06 higher than the average prices since 1920. A dollar in 1968 can buy 57.47% of what it could buy in 1920.

We can look at the buying power equivalent for $60,463 in 1920 to see how much you would need to adjust for in order to beat inflation. For 1920 to 1968, if you started with$60,463 in 1920, you would need to have $105,205.62 in 1920 to keep up with inflation rates. So if we are saying that$60,463 is equivalent to $105,205.62 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$60,463 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
1920 $60,463.00 15.61% 1921$54,114.39 -10.50%
1922 $50,788.92 -6.15% 1923$51,695.87 1.79%
1924 $51,695.87 0.00% 1925$52,905.13 2.34%
1926 $53,509.76 1.14% 1927$52,602.81 -1.69%
1928 $51,695.87 -1.72% 1929$51,695.87 0.00%
1930 $50,486.61 -2.34% 1931$45,951.88 -8.98%
1932 $41,417.16 -9.87% 1933$39,300.95 -5.11%
1934 $40,510.21 3.08% 1935$41,417.16 2.24%
1936 $42,021.79 1.46% 1937$43,533.36 3.60%
1938 $42,626.42 -2.08% 1939$42,021.79 -1.42%
1940 $42,324.10 0.72% 1941$44,440.31 5.00%
1942 $49,277.35 10.88% 1943$52,300.50 6.13%
1944 $53,207.44 1.73% 1945$54,416.70 2.27%
1946 $58,951.43 8.33% 1947$67,416.25 14.36%
1948 $72,857.92 8.07% 1949$71,950.97 -1.24%
1950 $72,857.92 1.26% 1951$78,601.90 7.88%
1952 $80,113.48 1.92% 1953$80,718.11 0.75%
1954 $81,322.74 0.75% 1955$81,020.42 -0.37%
1956 $82,229.68 1.49% 1957$84,950.52 3.31%
1958 $87,369.04 2.85% 1959$87,973.67 0.69%
1960 $89,485.24 1.72% 1961$90,392.19 1.01%
1962 $91,299.13 1.00% 1963$92,508.39 1.32%
1964 $93,717.65 1.31% 1965$95,229.23 1.61%
1966 $97,950.06 2.86% 1967$100,973.21 3.09%