NOTHING to do with gardening, but
 

the readers of this newsgroup are of such an age that they can answer this
question.

What is the "Jackpot Pools Win of 1957 of £75,000" worth today, or, putting
it a different way, What would "£75,000 of today's money", have been worth
in 1957??

Mike
:-))

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Mike wrote:

the readers of this newsgroup are of such an age that they can answer this
question.

What is the "Jackpot Pools Win of 1957 of £75,000" worth today, or, putting
it a different way, What would "£75,000 of today's money", have been worth
in 1957??

Mike
:-))

I have no idea, but I actually know someone whose Father did indeed win
that, though what year I do not know. He set himself and 3 offspring up
in business, and bought them a house. They are still a very prosperous
family, though Father has since died.
Done better than most Lottery winners methinks!


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In message , Mike
writes
the readers of this newsgroup are of such an age that they can answer this
question.

What you mean those of a 'certain age' can't use Google.....

What is the "Jackpot Pools Win of 1957 of £75,000" worth today, or, putting
it a different way, What would "£75,000 of today's money", have been worth
in 1957??

Using this document as a basis (House Of Commons Research Paper 99/20
Inflation: the Value of the Pound 1750-1998):

http://www.parliament.uk/commons/lib/research/rp99/rp99-020.pdf

Average price levels in 2005 would be about 13 times those in 1957.

So 75,000 would be about 1.2 million
--
Chris French and Helen Johnson, Leeds
urg Suppliers and References FAQ:
http://www.familyfrench.co.uk/garden/urgfaq/index.html

What you mean those of a 'certain age' can't use Google.....

didn't think of that !!! :-((



Average price levels in 2005 would be about 13 times those in 1957.

So 75,000 would be about 1.2 million
--
Chris French and Helen Johnson, Leeds
urg Suppliers and References FAQ:
http://www.familyfrench.co.uk/garden/urgfaq/index.html


Many thanks ;-))

"Mike" wrote in message
...
the readers of this newsgroup are of such an age that they can answer this
question.

What is the "Jackpot Pools Win of 1957 of £75,000" worth today, or,
putting
it a different way, What would "£75,000 of today's money", have been worth
in 1957??

Using the retail price index - which goes up to 2002, it's worth £1,220,033

Marcus

Marcus Fox wrote:
"Mike" wrote in message
...
the readers of this newsgroup are of such an age that they can
answer this question.

What is the "Jackpot Pools Win of 1957 of £75,000" worth today, or,
putting it a different way, What would "£75,000 of today's money",
have been worth in 1957??

Using the retail price index - which goes up to 2002, it's worth
£1,220,033


another way is to look at a range of indices, da=t only goes to 2002
unfortunately, but....

In 2002, £75000 0s 0d from 1957 is worth:
£1,110,033.03 using the retail price index
£1,151,189.02 using the GDP deflator
£2,726,740.37 using average earnings
£3,070,106.13 using per capita GDP
£3,534,284.25 using the GDP


Descriptions of the Series
a.. The retail price index (RPI) shows the cost of goods and services
purchased by a typical household in one period relative to a base period. It
is best used when the monetary amount is the cost or price of a simple
product, such as a loaf of bread or a pair of shoes.
b.. The GDP deflator is an index of all prices in the economy. It is a
good measure for complex products, such as personal computers, or
commodities purchased by businesses, such as machinery.
c.. Average earnings are a logical measure for computing relative value of
wages, salaries, or other income or wealth. Per-capita GDP, the average
share of a person in the total income of the economy, is also indicated in
this context.
d.. GDP, the economy's total output of goods and services in money terms,
is the best measure for large-scale projects or expenditures, such as the
construction of a bridge or government expenditure on health care.
pk

another way is to look at a range of indices, da=t only goes to 2002
unfortunately, but....

In 2002, £75000 0s 0d from 1957 is worth:
£1,110,033.03 using the retail price index
£1,151,189.02 using the GDP deflator
£2,726,740.37 using average earnings
£3,070,106.13 using per capita GDP
£3,534,284.25 using the GDP



That was a far more precise answer than I had ever hoped for. Very many
thanks.

Mike