# $5,696 in 1931 is worth$15,176.84 in 1971

$5,696 in 1931 has the same purchasing power as$15,176.84 in 1971. Over the 40 years this is a change of $9,480.84. The average inflation rate of the dollar between 1931 and 1971 was 2.28% per year. The cumulative price increase of the dollar over this time was 166.45%. ## The value of$5,696 from 1931 to 1971

So what does this data mean? It means that the prices in 1971 are 151.77 higher than the average prices since 1931. A dollar in 1971 can buy 37.53% of what it could buy in 1931.

We can look at the buying power equivalent for $5,696 in 1931 to see how much you would need to adjust for in order to beat inflation. For 1931 to 1971, if you started with$5,696 in 1931, you would need to have $15,176.84 in 1931 to keep up with inflation rates. So if we are saying that$5,696 is equivalent to $15,176.84 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 40 years. ## Value of$5,696 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
1931 $5,696.00 -8.98% 1932$5,133.89 -9.87%
1933 $4,871.58 -5.11% 1934$5,021.47 3.08%
1935 $5,133.89 2.24% 1936$5,208.84 1.46%
1937 $5,396.21 3.60% 1938$5,283.79 -2.08%
1939 $5,208.84 -1.42% 1940$5,246.32 0.72%
1941 $5,508.63 5.00% 1942$6,108.21 10.88%
1943 $6,482.95 6.13% 1944$6,595.37 1.73%
1945 $6,745.26 2.27% 1946$7,307.37 8.33%
1947 $8,356.63 14.36% 1948$9,031.16 8.07%
1949 $8,918.74 -1.24% 1950$9,031.16 1.26%
1951 $9,743.16 7.88% 1952$9,930.53 1.92%
1953 $10,005.47 0.75% 1954$10,080.42 0.75%
1955 $10,042.95 -0.37% 1956$10,192.84 1.49%
1957 $10,530.11 3.31% 1958$10,829.89 2.85%
1959 $10,904.84 0.69% 1960$11,092.21 1.72%
1961 $11,204.63 1.01% 1962$11,317.05 1.00%
1963 $11,466.95 1.32% 1964$11,616.84 1.31%
1965 $11,804.21 1.61% 1966$12,141.47 2.86%
1967 $12,516.21 3.09% 1968$13,040.84 4.19%
1969 $13,752.84 5.46% 1970$14,539.79 5.72%