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Value of 1969 US Dollars today

$18,000 in 1969
$151,041.25 in 2024

The inflation rate in the United States between 1969 and today has been 739.12%, which translates into a total increase of $133,041.25. This means that 18,000 dollars in 1969 are equivalent to 151,041.25 dollars in 2024. In other words, the purchasing power of $18,000 in 1969 equals $151,041.25 today. The average annual inflation rate between these periods has been 3.94%.

Inflation timeline in the United States (1969 - 2024)

The following chart depicts the equivalence of $18,000 due to compound inflation and CPI changes. All values are equivalent in terms of purchasing power, which means that for each year the same goods or services could be bought with the indicated amount of money.

All calculations are performed in the local currency (USD) and using 6 decimal digits. Results show only up to 2 decimal digits to favour readability. Inflation data is provided by governments and international institutions on a monthly basis. Today's values were extrapolated from the latest 12-month rolling average official data.

The following table contains relevant indicators:

Indicator Value
Cumulative inflation 1969-2023 730.63%
Cumulative inflation 1969-today 739.12%
Avg. Annual inflation 1969-2023 4%
CPI 1969 15.48
CPI 2023 128.56
CPI 2023-12 (latest official data) 129.42
CPI today 129.87

How to calculate today's value of money after inflation?

There are several ways to calculate the time value of money. Depending on the data available, results can be obtained by using the Consumer Price Index (CPI) formula or the compound interest formula.

Using the CPI formula

When we have both the start and end years, we can use the following formula:

Valuet =Value0 ×
CPIt/CPI0

To obtain the values equivalent in buying power between 1969 and 2023, use the corresponding CPI values:

Value2023
=Value1969 ×
CPI2023/CPI1969
=$ 18,000 ×
128.56/15.48
$149,512.87

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 129.87:

Valuetoday
=Value1969 ×
CPItoday/CPI1969
=$ 18,000 ×
129.87/15.48
$151,041.25

Alternative: Using the compound interest formula

Given that money changes with time as a result of an inflation rate that acts as compound interest, we can use the following formula: FV = PV × (1 + i)n, where:

  • FV: Future Value
  • PV: Present Value
  • i: Interest rate (inflation)
  • n: Number of times the interest is compounded (i.e. # of years)

In this case, the future value represents the final amount obtained after applying the inflation rate to our initial value. In other words, it indicates how much are $18,000 worth today. There are 54 years between 1969 and 2023 and the average inflation rate was 3.9983%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=$18,000 × (1 + 0.039983)54
$149,512.87

US inflation - Conversion table

Initial Value Equivalent value
$1 dollar in 1969 $8.31 dollars in 2023
$5 dollars in 1969 $41.53 dollars in 2023
$10 dollars in 1969 $83.06 dollars in 2023
$50 dollars in 1969 $415.31 dollars in 2023
$100 dollars in 1969 $830.63 dollars in 2023
$500 dollars in 1969 $4,153.14 dollars in 2023
$1,000 dollars in 1969 $8,306.27 dollars in 2023
$5,000 dollars in 1969 $41,531.35 dollars in 2023
$10,000 dollars in 1969 $83,062.71 dollars in 2023
$50,000 dollars in 1969 $415,313.54 dollars in 2023
$100,000 dollars in 1969 $830,627.08 dollars in 2023
$500,000 dollars in 1969 $4,153,135.38 dollars in 2023
$1,000,000 dollars in 1969 $8,306,270.75 dollars in 2023
Cumulative inflation From 1969 739.12%
Avg. annual inflation From 1969 3.94%
CPI 1969 15.48
CPI today 129.87

Value of Dollar over time (by year)

Period Value
1969 18,000
1970 19,050.88
1971 19,868.7
1972 20,518.86
1973 21,786.46
1974 24,194.91
1975 26,407.09
1976 27,924.12
1977 29,739.66
1978 32,009.09
1979 35,611.54
1980 40,436.62
1981 44,615.63
1982 47,351.2
1983 48,872.33
1984 50,974.11
1985 52,781.46
1986 53,783.28
1987 55,754.2
1988 58,027.71
1989 60,828.71
1990 64,112.21
1991 66,827.35
1992 68,851.43
1993 70,883.69
1994 72,731.94
1995 74,772.37
1996 76,964.11
1997 78,763.28
1998 79,985.92
1999 81,736.03
2000 84,496.14
2001 86,884.14
2002 88,262.15
2003 90,265.78
2004 92,682.41
2005 95,826.9
2006 98,918.21
2007 101,740.03
2008 105,645.93
2009 105,270.31
2010 106,996.79
2011 110,374.52
2012 112,658.53
2013 114,308.79
2014 116,163.14
2015 116,300.93
2016 117,768.19
2017 120,276.8
2018 123,214.56
2019 125,447.54
2020 126,995.04
2021 132,961.04
2022 143,601.65
2023 149,512.87
2023-12 150,515.97
Today 151,041.25

All available years

Today's value of US dollars by year:

1956 | 1957 | 1958 | 1959 | 1960 | 1961 | 1962 | 1963 | 1964 | 1965 | 1966 | 1967 | 1968 | 1969 | 1970 | 1971 | 1972 | 1973 | 1974 | 1975 | 1976 | 1977 | 1978 | 1979 | 1980 | 1981 | 1982 | 1983 | 1984 | 1985 | 1986 | 1987 | 1988 | 1989 | 1990 | 1991 | 1992 | 1993 | 1994 | 1995 | 1996 | 1997 | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |

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