Comment by overgard
3 days ago
$25,000 in 1969 has the same buying power as approximately $220,000 to $226,000 today
In terms of 2016, from gemini:
> In 2016, $25,000 from 1969 was worth approximately $163,490.
> Based on the Consumer Price Index (CPI), $1 in 1969 had the same purchasing power as $6.54 in 2016. This represents a total inflation increase of roughly 554% over that 47-year period
People are just downvoting you rather than discussing for some reason. It drives me bonkers when I see that happen here... :).
rendaw was pointing out the $50k in the article & parent comment was in terms of 2016 dollars, not that the mid 60s $25k in CodeWrite23's comment converts to $50k in 2016.
I.e. that the researchers would not be getting anything close to a house + charger + spare change for just half the $50k amount. They got more like $6k-$7k at time of payment in the mid 60s. Which is still a good chunk of change for the time... just not the amounts it was made to sound.