accounting for inflation, the buying power of $40k in 1980 is the equivalent of $118k today... enough to buy a house, a vacation house, a boat, and multiple vac

accounting for inflation, the buying power of $40k in 1980 is the equivalent of $118k today... enough to buy a house, a vacation house, a boat, and multiple vacations year in most regions. Maybe the percentage of the population making this amount has decreased, I'm not sure, but the buying power is roughly the same. And if you're going back to 1970: $40k in 1970 dollars could buy you $250k of stuff today. http://www.usinflationcalculator.com/ http://www.usinflationcalculator.com/