yes seems inflation always erodes the value of money but this is interesting
$2.14 in the year 1969 has the same "purchase power" as $1 in the year 1929.
$5.02 in the year 2003 has the same "purchase power" as $1 in the year 1969.
http://eh.net/hmit/ppowerusd/
Looks to me like our money started taking a real noise dive since 1969 (1971). Also note that the lastest info is for 2003 but the dollar fall is really a 2004+ thing.
Just for grins
$20.96 in the year 2003 has the same "purchase power" as $1 in the year 1776.
Correct. The Dollar declines over time, the speed of money accelerates, productivity increases, while our standard of living (think: healthcare, home ownership, stock trading) over time increases.
So money makes for a poor storage vessel for wealth, yet overall, our wealth still increases.
$5.02 in the year 2003 has the same "purchase power" as $1 in the year 1969.
Dow in 1969 was 876.72; 876.72 X 5 = 4380. Dow today call it 10,000 so investors (on average) did a little better then doubling their money in the marget since 1969.
Gold in 1969 $35 Gold in 2004 is $400 now 35 X 5 = 175 almost exactly the same growth as the market!!!! Hmmmmm, something is fishy here.