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In 1841 grandad left 5 pounds

ProfilePosted byOptionsPost Date

Chica in the sun ☼

Chica in the sun ☼ Report 29 Sep 2007 21:46

to each of his grandchildren which today would be worth more than 12,000 pounds. Thanks to Clou in Brummie for this great site
measuringworth.com
had loads of fun playing with it!

Heather

Heather Report 29 Sep 2007 23:15

It is fun, but I always think the figures need to be taken with a pinch of salt as the comparison arent shown against the real economic index.

I mean, if a tenner then is worth more than £12k now then by the same token a loaf of bread for a penny then would be costing us £120 now.

My GGFx3 left some of his children £3k in 1823 and my GGMx2 £300 yet they were by no means really rich people, merely "comfortable". And GGMx2 was living in poverty by 1825.

Chica in the sun ☼

Chica in the sun ☼ Report 29 Sep 2007 23:32

Oh dear, I thought I´d done it right, but now I see lots of indices on the site, and I don´t understand any of it!

MrsBucketBouquet

MrsBucketBouquet Report 30 Sep 2007 00:59

Me too Anna!

I put in 1841 and it wont allow me to put a recent year to compare with!!!

It keeps saying it has 'errors on the page'

I give up!

InspectorGreenPen

InspectorGreenPen Report 30 Sep 2007 07:39

£5 in 1841 is worth £334 in todays money, based on the rpi., which is the most meaningful comparison.

However given that earnings were far less, its would have been more valued then than today, by someone who received it

Chica in the sun ☼

Chica in the sun ☼ Report 30 Sep 2007 09:16

Still looking I think you have to put in 2006 not 2007 as this year isn´t finished yet if you know what I mean...

Chica in the sun ☼

Chica in the sun ☼ Report 30 Sep 2007 09:18

Thanks Peter. That sounds more like it, I didn´t think he was that wealthy and he had A LOT of grandchildren. So we take the first figure on the index then I assume.

Teddys Girl

Teddys Girl Report 30 Sep 2007 09:21

My 5x g grandfathers brother paid £200 in 1748, to the Bishop of London to marry, have copy of certificate, what would that be worth today,

Heather

Heather Report 30 Sep 2007 14:41

Thanks Peter too - as Ive often looked at these enormous amounts people have worked out and thought that just cant be right!