# $73,855 in 1988 is worth$112,312.04 in 2002

$73,855 in 1988 has the same purchasing power as$112,312.04 in 2002. Over the 14 years this is a change of $38,457.04. The average inflation rate of the dollar between 1988 and 2002 was 3.12% per year. The cumulative price increase of the dollar over this time was 52.07%. ## The value of$73,855 from 1988 to 2002

So what does this data mean? It means that the prices in 2002 are 1,123.12 higher than the average prices since 1988. A dollar in 2002 can buy 65.76% of what it could buy in 1988.

We can look at the buying power equivalent for $73,855 in 1988 to see how much you would need to adjust for in order to beat inflation. For 1988 to 2002, if you started with$73,855 in 1988, you would need to have $112,312.04 in 1988 to keep up with inflation rates. So if we are saying that$73,855 is equivalent to $112,312.04 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 14 years. ## Value of$73,855 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
1988 $73,855.00 4.14% 1989$77,413.52 4.82%
1990 $81,596.35 5.40% 1991$85,030.02 4.21%
1992 $87,589.66 3.01% 1993$90,211.73 2.99%
1994 $92,521.65 2.56% 1995$95,143.72 2.83%
1996 $97,953.08 2.95% 1997$100,200.57 2.29%
1998 $101,761.33 1.56% 1999$104,008.82 2.21%
2000 $107,504.91 3.36% 2001$110,563.99 2.85%