Posted on 05/20/2023 4:15:45 PM PDT by Phoenix8
These are the tik tok professors teaching the next generation of geniuses.
"$100 From 1913 would barely get you a cup of coffee today"
(Excerpt) Read more at twitter.com ...
She actually has a degree from the University of Minnesota.
For those who may be curious, $100 from 1913 is actually worth over $3000 today.
So...if I have a $100 bill in 1913, and I pass it down to my heirs, and then it continues to be passed down until Little Johnny gets it in 2023...and he takes it to Starbucks...he can’t buy a Venti Double Frappe Cappuccino?
Although there were $100 National Bank Note. A blue seal is more common but a red seal is really valuable. You are talking anywhere from a couple of thousands to WHEEEE Doggies!
BUT if you had ten $10 bills from 1913 and gave those to him they would be worth a couple of hundred dollars each so over $2000 in today's money. More if they were in good condition.
Yeah wth is with her?!?
What was $3,000 of today’s dollars worth in 1913?
If I had to bet, I’d say someone had a conversation with this professor about value and inflation and somewhere along the line everything got reversed. Something like “Our dollar today is only worth 5 cents compared to 1913.” Which I think is more or less true. But somehow that got translated into “$100 value from 1913 wouldn’t buy a cup of coffee today.” Absolutely backwards.
I figured it was something like that.
I think a cup of coffee cost something like a nickel before WWI which means that $100 could buy maybe $2,000 cups of coffee?
But nevertheless even at today’s prices you can still get maybe 50 cups of coffee for $100 so she’s still full of it.
Yeah, it sounds like the $10x10 bills from 1913 wouldn’t be the ones you’d want to spend at Starbucks. I remember the silver certificates but I have no clue if I’ve ever seen a red seal. I doubt I have.
Getting financial advice from TikTok. And Gen* is the smartest generation? Those old sleazy late night infomercials pushing the latest get rich quick scams were more legit
Someone came into the store a couple of years ago with a bunch of silver certificates that his grandfather had left him.
I told him that he might want to take them to be appraised as they were worth a bit more then face value.
Gold was $20/oz in 1913. $100 would get you 5 $20 gold coins whose melt value would be nearly $10,000 today and numistic value is quite a lot more.
in 1969 minimum wage was $1.10 an hour,
“For those who may be curious, $100 from 1913 is actually worth over $3000 today.”
BUT she is a financial influencer. An expert even. And we all know we must trust the experts without question.,.,
I took 1…ONE Econ class in college in 1983. If my professor ever heard anyone say something that stupid in class as the Gen z broad self described financial teacher he would first have roasted them. Second their grade would have been mysteriously lower than they expected.
Actually I did take and a post grad class in Econ as well now that I think about it. Different professor but he would have laughed at her as well.
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