# $66,831 in 1968 is worth$362,769.42 in 2004

$66,831 in 1968 has the same purchasing power as$362,769.42 in 2004. Over the 36 years this is a change of $295,938.42. The average inflation rate of the dollar between 1968 and 2004 was 4.83% per year. The cumulative price increase of the dollar over this time was 442.82%. ## The value of$66,831 from 1968 to 2004

So what does this data mean? It means that the prices in 2004 are 3,627.69 higher than the average prices since 1968. A dollar in 2004 can buy 18.42% of what it could buy in 1968.

We can look at the buying power equivalent for $66,831 in 1968 to see how much you would need to adjust for in order to beat inflation. For 1968 to 2004, if you started with$66,831 in 1968, you would need to have $362,769.42 in 1968 to keep up with inflation rates. So if we are saying that$66,831 is equivalent to $362,769.42 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 36 years. ## Value of$66,831 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
1968 $66,831.00 4.19% 1969$70,479.82 5.46%
1970 $74,512.72 5.72% 1971$77,777.46 4.38%
1972 $80,274.02 3.21% 1973$85,267.14 6.22%
1974 $94,677.25 11.04% 1975$103,319.19 9.13%
1976 $109,272.53 5.76% 1977$116,378.12 6.50%
1978 $125,212.10 7.59% 1979$139,423.29 11.35%
1980 $158,243.52 13.50% 1981$174,567.18 10.32%
1982 $185,321.59 6.16% 1983$191,274.93 3.21%
1984 $199,532.78 4.32% 1985$206,638.38 3.56%
1986 $210,479.24 1.86% 1987$218,160.97 3.65%
1988 $227,186.99 4.14% 1989$238,133.45 4.82%
1990 $251,000.34 5.40% 1991$261,562.71 4.21%
1992 $269,436.47 3.01% 1993$277,502.28 2.99%
1994 $284,607.88 2.56% 1995$292,673.69 2.83%
1996 $301,315.63 2.95% 1997$308,229.18 2.29%
1998 $313,030.26 1.56% 1999$319,943.81 2.21%
2000 $330,698.22 3.36% 2001$340,108.34 2.85%
2002 $345,485.54 1.58% 2003$353,359.31 2.28%