# $40,924 in 1952 is worth$46,637.92 in 1962

$40,924 in 1952 has the same purchasing power as$46,637.92 in 1962. Over the 10 years this is a change of $5,713.92. The average inflation rate of the dollar between 1952 and 1962 was 1.38% per year. The cumulative price increase of the dollar over this time was 13.96%. ## The value of$40,924 from 1952 to 1962

So what does this data mean? It means that the prices in 1962 are 466.38 higher than the average prices since 1952. A dollar in 1962 can buy 87.75% of what it could buy in 1952.

We can look at the buying power equivalent for $40,924 in 1952 to see how much you would need to adjust for in order to beat inflation. For 1952 to 1962, if you started with$40,924 in 1952, you would need to have $46,637.92 in 1952 to keep up with inflation rates. So if we are saying that$40,924 is equivalent to $46,637.92 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 10 years. ## Value of$40,924 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
1952 $40,924.00 1.92% 1953$41,232.86 0.75%
1954 $41,541.72 0.75% 1955$41,387.29 -0.37%
1956 $42,005.01 1.49% 1957$43,394.88 3.31%
1958 $44,630.32 2.85% 1959$44,939.18 0.69%
1960 $45,711.34 1.72% 1961$46,174.63 1.01%