# $62,979 in 1929 is worth$54,139.84 in 1941

$62,979 in 1929 has the same purchasing power as$54,139.84 in 1941. Over the 12 years this is a change of $-8,839.16. The average inflation rate of the dollar between 1929 and 1941 was -1.05% per year. The cumulative price increase of the dollar over this time was -14.04%. ## The value of$62,979 from 1929 to 1941

So what does this data mean? It means that the prices in 1941 are 14.04% lower than the average prices since 1929. A dollar in 1941 can buy 116.33% of what it could buy in 1929.

We can look at the buying power equivalent for $62,979 in 1929 to see how much you would need to adjust for in order to beat inflation. For 1929 to 1941, if you started with$62,979 in 1929, you would need to have $54,139.84 in 1929 to keep up with inflation rates. So if we are saying that$62,979 is equivalent to $54,139.84 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 12 years. ## Value of$62,979 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
1929 $62,979.00 0.00% 1930$61,505.81 -2.34%
1931 $55,981.33 -8.98% 1932$50,456.86 -9.87%
1933 $47,878.77 -5.11% 1934$49,351.96 3.08%
1935 $50,456.86 2.24% 1936$51,193.46 1.46%
1937 $53,034.95 3.60% 1938$51,930.05 -2.08%
1939 $51,193.46 -1.42% 1940$51,561.75 0.72%