What it cost in 1954
by Jennifer Dickinson
With a recent Associated Press Report on January 7, 2007 of a man receiving a letter to his home which was postmarked October 26, 1954, an amazing time capsule is revealed. The letter was received in Ferndale Pennsylvania encased in a larger Postal Service window envelope at the home of Brian McAteer for a Frederick Zane Yost. Mr. McAteer refuses to open it in hopes of locating Mr. Yost. At this point he has not found him, and plans to keep searching. A Postal Service Spokesman from Pittsburgh has commented that at times
pieces of mail can be “lost behind equipment or transporting
equipment” and “no matter how old it is we will deliver
it”. Wow, after over 50 years they must have done some long
overdue major cleaning! This letter has piqued the interest of your author here as to what the
prices were in 1954 versus what we pay today in January 2007. Prices
for 1954 were taken from the website Fifties Web
(http://www.fiftiesweb.com).
What is even more interesting is how
much we are paying based on the rate of inflation. I found the
fascinating CPI Inflation Calculator
(http://data.bls.gov/cgi-bin/cpicalc.pl)
a helpful source. Although it currently only calculates costs up
through the Year 2006, it will inform you what your dollar from a
particular year is worth in a different year. And here’s links to the astounding story which launched it all: http://abcnews.go.com/US/wireStory?id=2777488&CMP=OTC-RSSFeeds0312 http://www.examiner.com/a-495911~Pa__Man_Gets_Letter_Postmarked_1954.html http://wap.usatoday.com/detail.jsp?key=532777&rc=of_li
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