Quote:
Originally Posted by Gravdigr
I hadn't noticed that in the last, oh, say, 44 yrs of living.
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Obviously it depends on what products you are buying with the $20, but on average a product that cost $20 44 years ago
would cost $470.25 today.
Google gives various particulars for 50 years ago.
Due to technology and economies of scale, there are
some items that you could get a rough equivalent now for roughly the same dollar vaue; there are probably some canned meals that aren't much more than the 30 cent canned ravioli. Ramen, at least. And clothing can be very cheap these days (though you may also have to buy it more frequently). But unless you've whittled down your needs to just inflation-resistant items (and if so, more power to you), the calculations you've made about lasting 'til age 68 may need occasional adjustment.