the CPI calculator from the Bureau of Labor Statistics
Here's a link to the Bureau of Labor Statistics CPI calculator: http://www.bls.gov/data/inflation_calculator.htm
You may also want to consider this article and the accompanying graphic: A Rough Ten Years for the Middle Class
So are you better off than your parents?
Homework Suggestion:
You may also want to consider this article and the accompanying graphic: A Rough Ten Years for the Middle Class
graphic from US Census Bureau via CNN Money Middle-class income fell 7% in the last decade, adjusted for inflation. |
So are you better off than your parents?
Homework Suggestion:
- Go home and ask a parent what year it was when he/she was 25 years old. Next, ask what he/she earned during that year. Use the CPI calculator to see how much you would have to earn to have the same buying power as your parent when he/she was 25 years old.
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