00:03a single dollar bill may not be enough to buy you a brand new home but it is still one
00:09of the most
00:09powerful pieces of paper in the world self recently reported on how much the value of the
00:15dollar has changed over time since 1900 the authors found that one dollar was able to buy
00:2294% less goods in 2021 than in 1900 to 1910 the writers of the analysis took food and gas
00:31prices
00:31from a number of sources and figured out the average cost of each item per decade focusing on
00:37how much one dollar could buy of that item during this decade you could buy up to 80 lemons with
00:44one
00:44single buck or three pounds of coffee 12 rolls of toilet paper 14.3 gallons of gas and more than
00:5314
00:53loaves of bread each for one dollar today you can buy one maybe two lemons with a dollar
00:590.18 pounds of coffee 1.2 rolls of toilet paper 0.03 gallons of gas and you could get
01:07half a loaf of
01:08bread for a buck one dollar in 1900 is equivalent to the buying power of about 32 dollars in 2021
01:15this means prices in 2021 are about 32 times higher than the average prices since 1900
01:22according to the bureau of labor statistics consumer price index
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