# $3,466 in 1928 is worth$30,038.67 in 1994

$3,466 in 1928 has the same purchasing power as$30,038.67 in 1994. Over the 66 years this is a change of $26,572.67. The average inflation rate of the dollar between 1928 and 1994 was 3.34% per year. The cumulative price increase of the dollar over this time was 766.67%. ## The value of$3,466 from 1928 to 1994

So what does this data mean? It means that the prices in 1994 are 300.39 higher than the average prices since 1928. A dollar in 1994 can buy 11.54% of what it could buy in 1928.

We can look at the buying power equivalent for $3,466 in 1928 to see how much you would need to adjust for in order to beat inflation. For 1928 to 1994, if you started with$3,466 in 1928, you would need to have $30,038.67 in 1928 to keep up with inflation rates. So if we are saying that$3,466 is equivalent to $30,038.67 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 66 years. ## Value of$3,466 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
1928 $3,466.00 -1.72% 1929$3,466.00 0.00%
1930 $3,384.92 -2.34% 1931$3,080.89 -8.98%
1932 $2,776.85 -9.87% 1933$2,634.97 -5.11%
1934 $2,716.05 3.08% 1935$2,776.85 2.24%
1936 $2,817.39 1.46% 1937$2,918.74 3.60%
1938 $2,857.93 -2.08% 1939$2,817.39 -1.42%
1940 $2,837.66 0.72% 1941$2,979.54 5.00%
1942 $3,303.85 10.88% 1943$3,506.54 6.13%
1944 $3,567.35 1.73% 1945$3,648.42 2.27%
1946 $3,952.46 8.33% 1947$4,519.99 14.36%
1948 $4,884.83 8.07% 1949$4,824.02 -1.24%
1950 $4,884.83 1.26% 1951$5,269.94 7.88%
1952 $5,371.29 1.92% 1953$5,411.82 0.75%
1954 $5,452.36 0.75% 1955$5,432.09 -0.37%
1956 $5,513.17 1.49% 1957$5,695.59 3.31%
1958 $5,857.74 2.85% 1959$5,898.28 0.69%
1960 $5,999.63 1.72% 1961$6,060.43 1.01%
1962 $6,121.24 1.00% 1963$6,202.32 1.32%
1964 $6,283.39 1.31% 1965$6,384.74 1.61%
1966 $6,567.16 2.86% 1967$6,769.85 3.09%
1968 $7,053.61 4.19% 1969$7,438.73 5.46%
1970 $7,864.37 5.72% 1971$8,208.95 4.38%
1972 $8,472.44 3.21% 1973$8,999.44 6.22%
1974 $9,992.62 11.04% 1975$10,904.73 9.13%
1976 $11,533.06 5.76% 1977$12,283.02 6.50%
1978 $13,215.39 7.59% 1979$14,715.30 11.35%
1980 $16,701.66 13.50% 1981$18,424.53 10.32%
1982 $19,559.59 6.16% 1983$20,187.93 3.21%
1984 $21,059.50 4.32% 1985$21,809.45 3.56%
1986 $22,214.83 1.86% 1987$23,025.59 3.65%
1988 $23,978.23 4.14% 1989$25,133.57 4.82%
1990 $26,491.59 5.40% 1991$27,606.39 4.21%
1992 $28,437.42 3.01% 1993$29,288.71 2.99%