# $55,928 in 1970 is worth$202,234.49 in 1992

$55,928 in 1970 has the same purchasing power as$202,234.49 in 1992. Over the 22 years this is a change of $146,306.49. The average inflation rate of the dollar between 1970 and 1992 was 6.05% per year. The cumulative price increase of the dollar over this time was 261.60%. ## The value of$55,928 from 1970 to 1992

So what does this data mean? It means that the prices in 1992 are 2,022.34 higher than the average prices since 1970. A dollar in 1992 can buy 27.66% of what it could buy in 1970.

We can look at the buying power equivalent for $55,928 in 1970 to see how much you would need to adjust for in order to beat inflation. For 1970 to 1992, if you started with$55,928 in 1970, you would need to have $202,234.49 in 1970 to keep up with inflation rates. So if we are saying that$55,928 is equivalent to $202,234.49 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 22 years. ## Value of$55,928 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
1970 $55,928.00 5.72% 1971$58,378.45 4.38%
1972 $60,252.33 3.21% 1973$64,000.08 6.22%
1974 $71,063.15 11.04% 1975$77,549.65 9.13%
1976 $82,018.12 5.76% 1977$87,351.46 6.50%
1978 $93,982.10 7.59% 1979$104,648.78 11.35%
1980 $118,774.93 13.50% 1981$131,027.20 10.32%
1982 $139,099.28 6.16% 1983$143,567.75 3.21%
1984 $149,765.96 4.32% 1985$155,099.30 3.56%
1986 $157,982.19 1.86% 1987$163,747.96 3.65%
1988 $170,522.74 4.14% 1989$178,738.97 4.82%
1990 $188,396.64 5.40% 1991$196,324.58 4.21%