How much is a dollar in 1961 worth today?

Answer 1

To determine the value of a dollar in 1961 compared to today, we can use inflation data. Generally, a dollar from 1961 is worth approximately $9 to $10 today, depending on the specific inflation rate used. This is due to the cumulative effects of inflation over the decades, which significantly erodes the purchasing power of money over time. For precise calculations, you can use the Consumer Price Index (CPI) or other inflation calculators.