# $34,852 in 1934 is worth$70,744.36 in 1956

$34,852 in 1934 has the same purchasing power as$70,744.36 in 1956. Over the 22 years this is a change of $35,892.36. The average inflation rate of the dollar between 1934 and 1956 was 3.34% per year. The cumulative price increase of the dollar over this time was 102.99%. ## The value of$34,852 from 1934 to 1956

So what does this data mean? It means that the prices in 1956 are 707.44 higher than the average prices since 1934. A dollar in 1956 can buy 49.26% of what it could buy in 1934.

We can look at the buying power equivalent for $34,852 in 1934 to see how much you would need to adjust for in order to beat inflation. For 1934 to 1956, if you started with$34,852 in 1934, you would need to have $70,744.36 in 1934 to keep up with inflation rates. So if we are saying that$34,852 is equivalent to $70,744.36 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 22 years. ## Value of$34,852 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
1934 $34,852.00 3.08% 1935$35,632.27 2.24%
1936 $36,152.45 1.46% 1937$37,452.90 3.60%
1938 $36,672.63 -2.08% 1939$36,152.45 -1.42%
1940 $36,412.54 0.72% 1941$38,233.16 5.00%
1942 $42,394.60 10.88% 1943$44,995.49 6.13%
1944 $45,775.76 1.73% 1945$46,816.12 2.27%
1946 $50,717.46 8.33% 1947$57,999.97 14.36%
1948 $62,681.58 8.07% 1949$61,901.31 -1.24%
1950 $62,681.58 1.26% 1951$67,623.28 7.88%
1952 $68,923.73 1.92% 1953$69,443.91 0.75%
1954 $69,964.09 0.75% 1955$69,704.00 -0.37%