# $66,714 in 1938 is worth$559,735.19 in 1988

$66,714 in 1938 has the same purchasing power as$559,735.19 in 1988. Over the 50 years this is a change of $493,021.19. The average inflation rate of the dollar between 1938 and 1988 was 4.28% per year. The cumulative price increase of the dollar over this time was 739.01%. ## The value of$66,714 from 1938 to 1988

So what does this data mean? It means that the prices in 1988 are 5,597.35 higher than the average prices since 1938. A dollar in 1988 can buy 11.92% of what it could buy in 1938.

We can look at the buying power equivalent for $66,714 in 1938 to see how much you would need to adjust for in order to beat inflation. For 1938 to 1988, if you started with$66,714 in 1938, you would need to have $559,735.19 in 1938 to keep up with inflation rates. So if we are saying that$66,714 is equivalent to $559,735.19 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 50 years. ## Value of$66,714 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
1938 $66,714.00 -2.08% 1939$65,767.70 -1.42%
1940 $66,240.85 0.72% 1941$69,552.89 5.00%
1942 $77,123.28 10.88% 1943$81,854.77 6.13%
1944 $83,274.21 1.73% 1945$85,166.81 2.27%
1946 $92,264.04 8.33% 1947$105,512.21 14.36%
1948 $114,028.89 8.07% 1949$112,609.45 -1.24%
1950 $114,028.89 1.26% 1951$123,018.72 7.88%
1952 $125,384.47 1.92% 1953$126,330.77 0.75%
1954 $127,277.06 0.75% 1955$126,803.91 -0.37%
1956 $128,696.51 1.49% 1957$132,954.85 3.31%
1958 $136,740.04 2.85% 1959$137,686.34 0.69%
1960 $140,052.09 1.72% 1961$141,471.53 1.01%
1962 $142,890.98 1.00% 1963$144,783.57 1.32%
1964 $146,676.17 1.31% 1965$149,041.91 1.61%
1966 $153,300.26 2.86% 1967$158,031.74 3.09%
1968 $164,655.83 4.19% 1969$173,645.66 5.46%
1970 $183,581.79 5.72% 1971$191,625.32 4.38%
1972 $197,776.26 3.21% 1973$210,078.13 6.22%
1974 $233,262.43 11.04% 1975$254,554.13 9.13%
1976 $269,221.74 5.76% 1977$286,728.26 6.50%
1978 $308,493.11 7.59% 1979$343,506.13 11.35%
1980 $389,874.72 13.50% 1981$430,092.38 10.32%
1982 $456,588.72 6.16% 1983$471,256.34 3.21%
1984 $491,601.74 4.32% 1985$509,108.26 3.56%
1986 $518,571.23 1.86% 1987$537,497.19 3.65%