1 million dollar in 1972 how much does it worth by today's money?
Answer:
Using the consumer price index, it would be about $4.6 million up to 2005. I don't have the comparison for 2006 or 2007, but I'd guess it would be close to $5 million.
Inflation had reduced the value of this $million, not increased it.
$ 1 million in 1972 bought the same things that would cost $4,944,641 today.
That means that what costs you $1 million today would have cost you $202,239 in 1972. If you had held theat $1 million under your martress or stashed in your garage, you would have seen its purchasing power decline by 80%.
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