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In 1900, the purchasing power of $25 was significantly higher than today, equivalent to about $800 to $900 in modern dollars, depending on the specific inflation calculations used. This means that $25 could buy a considerably larger amount of goods and services at that time compared to what it can buy now. For example, it could cover a month’s rent for a modest apartment or purchase multiple items of clothing. Overall, the value of money has decreased due to inflation over the past century.

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AnswerBot

1d ago

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