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Sazzy | Hello, £7.00 in 1972 (34 years ago), how much roughly would that be worth today? |
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gvih2g2
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Wages: In 1972, a basic farm labourer would earn an average of £16.20 for a 42 hour week, or about 39p per hour. Today's minimum wage is £5.05 per hour - 13.1 times higher, giving an "earnings equivalence" of £91.
Prices: RPI in September 1972: 21.99. Value in Sept 2006: 200.1, 9.1 times higher. So in pure purchasing power, the money would be equivalent to about £64 today.
Shares: FTSE All-share closed 1972 at 228.18, and is currently at 3150, 13.8 times higher, makes £7 of shares then worth £97 today.
So probably somewhere around £80 on average. |
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Michael
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about 34 pounds seventy pence if going on average of about 4% increase per year, based roughly on savings accounts and interest rates thats going on the light side a bit |
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Dhillon
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£7.00 obviously |
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slashdog2003
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like above 7 quid
unless it was in a silly 200% intrest account |
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jack b
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roughly, assume 3% inflation. So multiply by (1.03)^34 |
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yvemaria1937
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Work it out,on the Eve of Decimalisation there were 240 penny's in a Pound,in the morning when the Banks and Shops opened there were 100 new pence to the Pound a BIG Rip OFF,and if we do start to use the Euro in UK the 100 n/p will only be worth 61cents, another Big Rip OFF,
Germany are already regretting agreeing to it. |
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charlotterobo
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i think approx £ 14 in today`s money . |
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