The reference librarians at Seattle Public Library are pretty darn amazing. They don’t know everything, instead they know where to find everything. As part of an irregular series of posts we salute the talented and dedicated reference staff at your local library. Names and other identifying information have been removed from the questions we showcase. Got a stumper? Click on Ask a Librarian. It’s what we do.
“What is $161,000.00 in 1987 dollars worth in today’s dollars?”
We found a calculator on the web at http://www.measuringworth.com/uscompare/
that gives the answer to your question using various measurements. Be aware that current data is only available through 2007.
In 2007, $161,000.00 in 1987 dollars was worth:
$293,856.18 using the Consumer Price Index
$263,229.41 using the GDP* deflator
$378,036.94 using the nominal GDP per capita
$470,271.51 using the relative share of GDP
*GDP stands for Gross Domestic Product
If you need help determining which result is most appropriate for you, follow the link Measures of Worth on the calculator website.
To cite this data please use the following – Samuel H. Williamson, “Five Ways to Compute the Relative Value of a U.S. Dollar Amount, 1790 to Present,” MeasuringWorth.Com, 2008.