$34,701 in 1977 is worth$135,721.57 in 2015

$34,701 in 1977 has the same purchasing power as$135,721.57 in 2015. Over the 38 years this is a change of $101,020.57. The average inflation rate of the dollar between 1977 and 2015 was 3.76% per year. The cumulative price increase of the dollar over this time was 291.12%. The value of$34,701 from 1977 to 2015

So what does this data mean? It means that the prices in 2015 are 1,357.22 higher than the average prices since 1977. A dollar in 2015 can buy 25.57% of what it could buy in 1977.

We can look at the buying power equivalent for $34,701 in 1977 to see how much you would need to adjust for in order to beat inflation. For 1977 to 2015, if you started with$34,701 in 1977, you would need to have $135,721.57 in 1977 to keep up with inflation rates. So if we are saying that$34,701 is equivalent to $135,721.57 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 38 years. Value of$34,701 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
1977 $34,701.00 6.50% 1978$37,335.07 7.59%
1979 $41,572.49 11.35% 1980$47,184.20 13.50%
1981 $52,051.50 10.32% 1982$55,258.19 6.16%
1983 $57,033.33 3.21% 1984$59,495.61 4.32%
1985 $61,614.32 3.56% 1986$62,759.56 1.86%
1987 $65,050.06 3.65% 1988$67,741.39 4.14%
1989 $71,005.35 4.82% 1990$74,841.93 5.40%
1991 $77,991.36 4.21% 1992$80,339.11 3.01%
1993 $82,744.13 2.99% 1994$84,862.84 2.56%
1995 $87,267.86 2.83% 1996$89,844.67 2.95%
1997 $91,906.11 2.29% 1998$93,337.67 1.56%
1999 $95,399.12 2.21% 2000$98,605.81 3.36%
2001 $101,411.67 2.85% 2002$103,015.01 1.58%
2003 $105,362.77 2.28% 2004$108,168.63 2.66%
2005 $111,833.42 3.39% 2006$115,440.95 3.23%
2007 $118,728.96 2.85% 2008$123,287.61 3.84%
2009 $122,848.98 -0.36% 2010$124,864.05 1.64%
2011 $128,805.42 3.16% 2012$131,470.98 2.07%
2013 $133,396.71 1.46% 2014$135,560.66 1.62%