How much was $10 in 1958?
 

Is anyone here old enough to know what $10 could buy you in 1958?

1k snickers bars
500 bottles of coke

You could go to a bar, shoot some pool, party down and come home with change. You could go out for dinner, go to a movie, buy at the concession stand, stop off at the bar afterwards, have a few drinks and come home with change. You could pay your monthly utility bill. Just a few examples.

nice to know how much $10 is worth now :(

God bless the FED and getting off the gold standard.

You make it sound as if the minimum wage was the same back then as it is now.

in the honeymooners filmed in the mid 50's ralph always talks about how he makes 42 dollars a week, pretty much avg pay back then

If Ralph was making $42 a week, well, that was a good sum of money then.

Q: How much was $10 in 1958?
A: $10.

Gotta love the hidden tax of inflation.

I would guess about equivalent to $50 in today dollars...

In the 50's my mother spend $20 a week on groceries to feed a family of 6. Chocolate bars were 10 cents. Penny candy was anywhere from 3-10 pieces for a penny. Milk men delivered gallons of milk for $1.00 and a loaf of bread was about 18 cents.

http://www.westegg.com/inflation/

What cost $10 in 1958 would cost $70.96 in 2007.

Also, if you were to buy exactly the same products in 2007 and 1958,
they would cost you $10 and $1.41 respectively.

That is not nearly as important as knowing, "How much was $10 in 1938?" Now there is a REAL question.

A guess would be ~$100 across the board but some things are way cheaper and some more expensive even if you x it by 10.

You call inflating your mortgage away a tax too?

about ten times as of its value today?

...my grandpa used to tell me how he could buy Coke for 5 cents ... so having $10 should have been lots of monies ....

This thread reminds me of why the fiat banking system sucks. Currency inflation is the unkindest tax of all.

I've heard that quote before, about it being the cruelest tax. Who is it from?

No way man... inflation alone goes above that

1000 1 cent sweets...

With a fiat money system the central bankers control how much your dollar is worth. They manipulate what they call the inflation rate when in reality the inflation rate is much higher. Just google "inflation tax".

Or read this

http://www.house.gov/paul/tst/tst2006/tst071706.htm

And to think that Al Capone was running around with 50k in his pocket in the thirties.

The original gangsta.