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    What would this be worth today?

    What would £6537.00 in 1898 be worth today?

    Linda

    #2
    http://www.thisismoney.co.uk/money/b...nged-1900.html

    It only goes back to 1900, but that would be £661,217.55
    Co-ordinator for PoW project Southern Region 08
    Researching:- Wieland, Habbes, Saettele, Bowinkelmann, Freckenhauser, Dilger in Germany
    Kincaid, Warner, Hitchman, Collie, Curtis, Pocock, Stanley, Nixey, McDonald in London, Berks, Bucks, Oxon and West Midlands
    Drake, Beals, Pritchard in Kent
    Devine in Ireland

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      #3
      There isn't a single easy answer to that ...it depends on how you look at it. Earnings, prices and purchasing power have changed at different rates - one of the reasons why our standard of living (for most people) is much higher now than 100 years ago.

      If you just measure inflation according to RPI, then £6,537 worth of goods in 1898 would cost about £568,000 (up to 2010). If you looked at it from an earnings point of view, then someone earning that amount in 1898 would now be earning about £2.3million.

      You can play about with the figures here:

      http://www.measuringworth.com/ppoweruk/
      Last edited by AntonyM; 21-03-13, 22:09.
      I am a professional researcher, and ex- deputy registrar, based in Buckinghamshire - please contact me for any help/advice or research via PM or my website www.chalfontresearch.co.uk
      Follow me on Twittter @ChalfontR

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        #4
        Thanks a lot, I suppose whatever way you look at it, it was quite a large amount of money

        Linda

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          #5
          Hi Linda,

          The Bank of England has a good page for this, you can calculate amounts back to 1750: -

          http://www.bankofengland.co.uk/educa...h/default.aspx

          So according to the Old Lady of Threadneedle Street that would be worth £719,520.82 in 2012

          Best regards

          Paul..

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            #6
            Cheers Paul..will bookmark that. This is the amount left in a will my a relative who was in the workhouse till he was 12 and trained as a tailor eventually on 1891 census employing 22 men. Must have taken a lot of hard work

            Linda
            Last edited by Loopy Linda in La La Land; 22-03-13, 07:23.

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              #7
              A third calculator shows how difficult it is to calculate and compare.
              In 1900, £6,537 0s 0d would have the same spending worth of 2005's £373,001.22
              http://www.nationalarchives.gov.uk/currency/

              But unlike TNA, at least AntonyM's suggested website discusses the various methods and problems. This other website links to several websites which cover this subject in the UK.
              http://projects.exeter.ac.uk/RDavies...t/howmuch.html
              Last edited by keldon; 22-03-13, 11:38.
              Phil
              historyhouse.co.uk
              Essex - family and local history.

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