Saturday, March 29, 2008

Wow!!

Thanks so much for this ,George, Just one more great idea I never would have had! Had a little trouble signing up, but hopefully it'll be easier from now on. We still have the end of great skiing in Northern Vt and ~2 feet of snow left from this near record year snowfall. Judy and I just got back from a week in Disney world FLA with my 3 grown children and spouses and 8 grandchildren (1-11y/o) and it seemed like a solid week of roller coaster rides! Well, I'll get off line now, but I look forward to reconnecting with class memories and all the fond memories of those times and folks. take care, Jerry

Wednesday, March 26, 2008

The Value of The Dollar

Do you recall what wages were like in 1957?    Are you curious about what income would be equivalent to that wage in purchasing power today?    The answer will surprise you.    According to the U.S. Census, Department of Commerce Report dated May, 1958, the average salary for men in 1957 was $3,700, a gain of about two percent over the previous year.

Now how much would you have to earn in 2007, fifty years later, to have the same purchasing power?    According to MeasuringWorth.com, $3,700 in 1957 has the same consumer purchasing power as $27,252.77 in the year 2007.   Try it here for yourself.

Regards, George