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March 1939. "Mexican barber. San Antonio, Texas." View full size. 35mm nitrate negative by Russell Lee for the Farm Security Administration.
Ten cents in 1938 money is worth $1.36 today only if you are using the Consumer Price Index alone to adjust for inflation. If you use a relative share of the GDP it comes out to something like $16.
I love this site. How wonderful is it to have a blog with little to no words, only photos, that says so much about how life used to be. How some things change (prices) and other things don't (man).
Thank you.
According to this site, http://www.westegg.com/inflation/:
What cost 10 cents in 1939 would cost $1.38 in 2006.
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