In today's terms, what would a $64,000 question be to you?

[CarpetDiem]

The genesis of the $64,000 question was from the 1950s quiz show. Given CPI, over the years, what would be the value of that answer, from life, love, science, plitoics or relgion?

[TW Scott]

Well, since $64,000 dollars is not as much as it used to be, my question will be lower on my list of want-to-know than you would expect.

Why is it that the majority Moderate Muslims do not openly condemn the extremist muslims who practice suicide bombings and beheadings? I know they disagree with such behavior and abhor it greatly, but they do not speak out to the world about it?

[Challenger78]

Because they cannot but sympathise on what they percieve is an attack on their religion. They do not agree with the means, but agree with some of the sentiment.

[cosmictraveler]

Over 1 million dollars in todays currency in America, at least , perhaps even 2 million.

[domesticated om]

Over 1 million dollars in todays currency in America, at least , perhaps even 2 million.

I'm trying to improve my math skills, so I'll give it a shot.....

A random google search says the average individual's yearly income during the 50s was $2,992.00 If the average income of today (the 06 census) is $26,036.
This represents an increase of 88.51%
So $64,000.00 is 11.49% of $556,919.79

So the question is worth around a half mil if I calculated that correctly.......doesn't seem right though. Seems like it should be more

[Absane]

Investing. 64K would be about $15 million today.

[cosmictraveler]

I'm trying to improve my math skills, so I'll give it a shot.....

A random google search says the average individual's yearly income during the 50s was $2,992.00 If the average income of today (the 06 census) is $26,036.
This represents an increase of 88.51%
So $64,000.00 is 11.49% of $556,919.79

So the question is worth around a half mil if I calculated that correctly.......doesn't seem right though. Seems like it should be more

Did you factor in inflation and devaluation of the dollar? I don't think so. If you would have you would get a much different result.

[Absane]

Did you factor in inflation and devaluation of the dollar? I don't think so. If you would have you would get a much different result.

Average inflation is about 3%. So $64K from 1955 will be about 307K in 2008.

[cosmictraveler]

And what about devaluation of the dollar? That alone will be a big jump. I've seen that it decreased in value by at least 60 percent since the 1960's

[domesticated om]

Did you factor in inflation and devaluation of the dollar? I don't think so. If you would have you would get a much different result.

No I didn't. Just figured using the straight difference in percentage for average income. I assumed that would be a valid enough comparison because you'd be able to buy the same things with it......although it fell apart when I compared the cost for a new house (1950s could have bought ~ 4 houses; modern day calculation could maybe buy two). I didn't even know if using average income was the correct basis. Figured someone would come along and correct me if that was the case.


That, and the base income I used may have been incorrect. This site says something different than my first google result
http://www.fiftiesweb.com/pop/prices-1950.htm