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    in 1962 i buy a boat for $ 3.950.00 how much money is that today 11-16-2011

    +1  Views: 2116 Answers: 4 Posted: 13 years ago

    4 Answers

     Boats usually depreciate in worth like cars- unless it is a collectors boat in tip top shape (if you are thinking of selling it you need to do a bit of research.  How many people in your area buy used boats?  What are the going prices for similar boats?  etc.)  If this is a money math quiz better to phrase it if you had a salary of$3.950.00 in '62 what would the equivalent be today (including inflation rate increases) 

    My guesstimate based on non-union wages is 11.4 times the original value.  $44,766.±


    On union wages about 12.5 times, in my humble opinion.


     

    3.950.00

    Maybe a liitle over 30X3950.00=$118,500



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