Use this handy, dandy calculator to figure the differences in purchasing power by comparing years.
My allowance in 1956 when I was about nine-years-old was $1. I paid for 2 Krystal hamburgers and Coke. Then, I walked my three younger siblings across the street in downtown Jackson, Mississippi, where I paid for my movie ticket to see a double feature, news, and cartoons. My younger siblings who had their own money wanted candy in the theater, but I convinced them not to buy any expensive candy because we could get a candy bar for a nickel during the week. In 2011, according to the article, it would take $8.27 to purchase the same items today.
Two hamburgers, Coke, and movie? No! I would need more than $8.27 to get the same thing.
My parents gave us the $1 in anticipation of sending us to the movies. I managed to save $11 in a savings account.
Do you remember when Coke was a nickle? What did you have in mind, like my dollar, that meant something to you long ago?