How Much Would The Reward Be To Catch A Killer 25 footer In 2021?
Did you know that the $3000 reward in Jaws would be worth $14,500 with adjusted 2021 numbers?The dollar had an average Inflation Rate of 3.51% per year between 1975 and today, producing a cumulative price increase of 388.87%.
Quint insisting on $10,000 for the head, the tail, the whole damn thing would be the equivalent of a few dollars short of $50,000! This means that today's prices are 4.89 times higher than average prices since 1975, according to the Bureau of Labor Statistics consumer price index. A dollar today only buys 20.46% of what it could buy back then.
The 1975 Inflation rate was 9.13%. The current year-over-year inflation rate (2020 to 2021) is now 1.68%1. If this number holds, $10,000 today will be equivalent in buying power to $10,167.62 next year. The current inflation rate page gives more detail on the latest inflation rates.
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