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User Name Thread Name Subject Posted
GUEST,Richie Country Musicians: Comparing money (12) Country Musicians: Comparing money 22 Sep 07

Hi,

This has had me confused for years now. I've been reading "Will You Miss Me When I'm Gone?" The Carter Family Biography.

Here's my question: It says Earnest Stoneman earned $3,600 in royalties in 1926. What does that mean in today's money?

Is there a chart that compares money in different years?

In this equation the amount of money made in 1927 would be mutiplied 20 times to equal what it is today; 1927 X 20= 2007 Would this be close to being right?

So Ralph Peer was making $250,000 in 1928 off his royalties alone. That's a boatload of cash but what does it mean today?

Anyone?

Thanks,

Richie

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