Wow ! 53.500
Value of $3,700 from 1965 to 2024
$3,700 in 1965 is equivalent in purchasing power to about $36,903.10 today, an increase of $33,203.10 over 59 years. The dollar had an average inflation rate of 3.98% per year between 1965 and today, producing a cumulative price increase of 897.38%.
This means that today's prices are 9.97 times as high as average prices since 1965, according to the Bureau of Labor Statistics consumer price index. A dollar today only buys 10.026% of what it could buy back then.
The inflation rate in 1965 was 1.61%. The current inflation rate compared to the end of last year is now 2.97%. If this number holds, $3,700 today will be equivalent in buying power to $3,809.94 next year.