# $31,968 in 1944 is worth$53,764.36 in 1960

$31,968 in 1944 has the same purchasing power as$53,764.36 in 1960. Over the 16 years this is a change of $21,796.36. The average inflation rate of the dollar between 1944 and 1960 was 3.28% per year. The cumulative price increase of the dollar over this time was 68.18%. ## The value of$31,968 from 1944 to 1960

So what does this data mean? It means that the prices in 1960 are 537.64 higher than the average prices since 1944. A dollar in 1960 can buy 59.46% of what it could buy in 1944.

We can look at the buying power equivalent for $31,968 in 1944 to see how much you would need to adjust for in order to beat inflation. For 1944 to 1960, if you started with$31,968 in 1944, you would need to have $53,764.36 in 1944 to keep up with inflation rates. So if we are saying that$31,968 is equivalent to $53,764.36 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 16 years. ## Value of$31,968 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
1944 $31,968.00 1.73% 1945$32,694.55 2.27%
1946 $35,419.09 8.33% 1947$40,504.91 14.36%
1948 $43,774.36 8.07% 1949$43,229.45 -1.24%
1950 $43,774.36 1.26% 1951$47,225.45 7.88%
1952 $48,133.64 1.92% 1953$48,496.91 0.75%
1954 $48,860.18 0.75% 1955$48,678.55 -0.37%
1956 $49,405.09 1.49% 1957$51,039.82 3.31%
1958 $52,492.91 2.85% 1959$52,856.18 0.69%