Andre_Wanglin alluded to it, though $70k was a slight overstatement. With the effective inflation rate, $5,000 in 1947 was equivalent to $58,035 in 2018. http

Andre_Wanglin alluded to it, though $70k was a slight overstatement. With the effective inflation rate, $5,000 in 1947 was equivalent to $58,035 in 2018. https://data.bls.gov/cgi-bin/cpicalc.pl?cost1=5000&year1=194701&year2=201803 https://data.bls.gov/cgi-bin/cpicalc.pl?cost1=5000&year1=194...