How much would 5 dollars be worth in the year of 1930 compared to 2007???

Thanks Alex, CiCi, and Ben

I would estimate that $5 in 1930 should buy about $61.00-$64.00 worth of goods in 2007

Usually dollar time value are expressed in term of 1980 dollars.

A dollar in 2006 purchased about what 41 cents purchased in 1980 dollars, while a dollar in 1930 purchased what five dollars purchased in 1980.

So five dollar in 2006 would be about $5/.41*5 or about $60.98. The dollar depreciated in value in 2007 (against the Euro) the question is how much this would affect the time value of a dollar, A penny which mean that $5 dollars in 1930 would buy about $62.50 worth of goods in 2007. My estimage above allows for and error of about $1.50)

Another way of looking at it, is that if you had invested the money in 1930 you would need at least 3.33% annual return, just to break even.

40-50

Well, my daddy told me that he made $12 a week in the 1940's so I figure $5 must've been worth a week's salary in the depression. So, what's that, now in today's dollars, a week's salary? Even a store cashier makes a couple of hundred a week. So I guess, back in 1930 you could've lived for a month on $5!

$5.00 in 2006 had about the same buying power as $0.43 in 1930, so $5 in 1930 is equivalent to $58 today.