Measuring Worth

[kiwisue]

I have a feeling I'm going to be spamming my flist today *g*

This is an interesting site that compares the relative "worth" of money between different time periods, using different scales.

For example,£1,000 from 1977 was worth the following in 2007
£4,477.19 using the retail price index
£7,553.93 using the average earnings
£8,740.36 using the per capita GDP

I don't pretend to understand the methodology behind it all, but it might be a Useful Thing for some people?

Comments

[empty-mirrors.livejournal.com]

Wonderful site, that. Extremely useful for the history lovers amongst us. *g*

[byslantedlight.livejournal.com]

Oh, a definitely Useful Thing - cheers! *g*

[nakeisha.livejournal.com]

Thank you very much for this.