# $32,998 in 1967 is worth$142,760.81 in 1993

$32,998 in 1967 has the same purchasing power as$142,760.81 in 1993. Over the 26 years this is a change of $109,762.81. The average inflation rate of the dollar between 1967 and 1993 was 5.73% per year. The cumulative price increase of the dollar over this time was 332.63%. ## The value of$32,998 from 1967 to 1993

So what does this data mean? It means that the prices in 1993 are 1,427.61 higher than the average prices since 1967. A dollar in 1993 can buy 23.11% of what it could buy in 1967.

We can look at the buying power equivalent for $32,998 in 1967 to see how much you would need to adjust for in order to beat inflation. For 1967 to 1993, if you started with$32,998 in 1967, you would need to have $142,760.81 in 1967 to keep up with inflation rates. So if we are saying that$32,998 is equivalent to $142,760.81 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 26 years. ## Value of$32,998 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
1967 $32,998.00 3.09% 1968$34,381.15 4.19%
1969 $36,258.28 5.46% 1970$38,333.01 5.72%
1971 $40,012.54 4.38% 1972$41,296.90 3.21%
1973 $43,865.60 6.22% 1974$48,706.63 11.04%
1975 $53,152.47 9.13% 1976$56,215.16 5.76%
1977 $59,870.62 6.50% 1978$64,415.26 7.59%
1979 $71,726.19 11.35% 1980$81,408.24 13.50%
1981 $89,805.93 10.32% 1982$95,338.53 6.16%
1983 $98,401.22 3.21% 1984$102,649.47 4.32%
1985 $106,304.93 3.56% 1986$108,280.86 1.86%
1987 $112,232.72 3.65% 1988$116,876.15 4.14%
1989 $122,507.54 4.82% 1990$129,126.90 5.40%
1991 $134,560.71 4.21% 1992$138,611.36 3.01%