Let’s Uncover How Much Your $10 Worth has Been Throughout the Years
There’s no doubt that most people nowadays are suffering from the increase of inflation rate. As our economy continues fluctuating depending on the market’s performance, it greatly affects the consumer’s purchasing power. Let us uncover how much the American dollar is worth throughout the years and what could you buy with it today.
The Statistics
The Bureau of Labor Statistics released a CPI Inflation calculator for the Americans to determine the value of a $10 bill in every first month of the year, ranging from 1965 to 2010, compared to how much worth it is today.
The researchers took the liberty to examine the inflation rates in this time-frame and the findings they discovered were astounding! Ranging from buying those Sharpies to New Balance Shoes, the cost of these products differ as they try to evaluate the consumer’s purchasing power for the past few years.
1965
If you lived in the year 1965, your $10 today would cost around $80.82! That’s enough to buy an expensive pair of New Balance Shoes! A pair of New Balance Shoes today will cost you around $79.99. This left millions of New Balance fans all over the world wishing they could turn back the time and buy their favorite shoes at a cheaper rate!
1966
If you live a year after, your $10 would’ve cost around $79.29, still close to $80 mark. This is enough to buy high-quality makeup products from the makeup retail giant Sephora! What’s more? Rihanna’s fans would’ve rejoiced since they could’ve bought Rihanna’s Fenty makeup palette!
Today, a Galaxy-Eyes palette from Sephora costs around $79. In the year 1966, your $10 would be enough to buy that one Fenty shimmery palette.
1967
Are you fond of collecting various editions and collector’s copies of The Holy Bible? You would’ve wished you were born in the year 1967, then. Your $10 today would cost around $76.64 back then. And it’s enough for you to obtain a leather-bound copy of the Bible. You could take your time turning the pages of this leatherbound sacred scripture as you read for your daily bread.
1968
Do you love traveling? Your $10 today would be enough to buy a one-way ticket from New York City to Boston. In 1966, a $10 would’ve cost around $73.94, and you would still have some change left since today it costs around $69.
1970
Want to buy Kylie Jenner’s Special Birthday palette? You can do so if you lived in the 1970s. Your $10 would’ve cost around $66.71 around that year, which can cover her Eyeshadow’s collection for only $65.
1974
Have you been dreaming of buying Alexa or Amazon Echo? You could do so if you lived in 1974. Your $10 today would’ve cost around $54.11, just enough to buy Amazon Echo Dot with the smart speaker Alexa for only $49.99.
1980
Want to buy those branded Apple products like its innovative headphones? You could do so if you lived in the 1980s. The tech giant first launched in 1980 and their headphones cost around $29, you would still have some money left in your pocket since the $10 in 1980 would cost around $32.41.
1990
Have you been addicted to buying Red Bull Energy Drinks either to finish your study or pull an all-nighter to finish your work? Well, your $10 back then was enough to buy a dozen of Red Bull Energy drink for only $19.69.
2000
Want to indulge yourself in 3 pints of ice cream? You could do so if you lived in the year 2000s. Your $10 today would cost around $14.94 during that time. What’s more? Your favorite Ben and Jerry’s classic Phish Food ice cream only cost around $4.79 and you could enjoy eating three tubs of it back then.
2010
If you’ve lived around 8 years ago, you would enjoy drinking around 2 cups of Pumpkin Spice Latte at Starbucks for only $5 each. In 2010, your $10 cost a little higher at $11.64, or you could upgrade it to a Grande.
More in Business
-
WWE Signs $1.4 Billion Broadcasting Contract for SmackDown
In an explosive turn of events, World Wrestling Entertainment (WWE) has just unleashed some earth-shattering news for its legions of fans....
November 9, 2023 -
Navigating the Mortgage Maze as Interest Rates Take a Historic Leap
The U.S. housing market is nothing short of a dynamic entity. It evolves, reacts, and sometimes, just like the current real-estate...
November 3, 2023 -
Celebrity Couples Where the Woman Has a Higher Net Worth
In a world where gender roles and financial dynamics constantly shift, it’s not unusual to find celebrity couples where the woman...
October 27, 2023 -
Why the Gender Pay Gap Could Be Worsening
Picture this: Two college students, Alex and Charlie. Both are bright, have the same interests, and are ready to embrace the...
October 19, 2023 -
JC Penney’s Remarkable $1 Billion Revival Plan
In a remarkable turnaround, JC Penney unveiled a bold $1 billion revival plan, breathing new life into a brand that faced...
October 12, 2023 -
Shattering the American Dream: Mortgage Rates, Inflation & Cost of Living
You know that feeling when you are dreaming of something you have wanted for so long, only to watch it vanish...
October 6, 2023 -
Navigating the Workplace Dynamics With Generation Z
With the entry of Generation Z (born from 1997 onwards) into the workforce, a fresh breeze has swept through office spaces....
September 22, 2023 -
Why Businesses No Longer Offer Perks and Freebies
Have you noticed a shift in how companies are doling out customer perks and rewards? It’s not just your imagination—there’s a...
September 15, 2023 -
Paying Off Your Debt Through a Home Equity Loan | Is It a Good Idea?
Debt can be overwhelming, and finding ways to pay it off can be difficult. One solution that many homeowners consider is...
September 7, 2023
You must be logged in to post a comment Login