At 12:03 PM 1/17/2010, Glen Zook wrote: >... >Based on the consumer price index, the $50 that I spent for my life >membership back around 1970 is today the equivalent of right at >$3300! That is 66 times in "absolute dollars". Compare that to the >present life membership fee of $880. That means that we who >obtained our life memberships back in the early 1970s paid 3.75 >times what new life members are paying. > >If you don't believe these figures then do the calculations on the >following website: > >http://www.measuringworth.com/uscompare/
... Hi Glen, I appreciate your sentiment about the fact that AMSAT needed the money back then but I don't think your math is correct. $1 in 1970 is equivalent to around $5.50 - $6.00 in todays dollars depending on how you compare it. Using the "Measuring Worth" web site, the CPI equivalent value of $50 in 1970 is $277.17 in 2009 dollars. 73, Tony AA2TX AMSAT VP Engineering _______________________________________________ Sent via [email protected]. Opinions expressed are those of the author. Not an AMSAT-NA member? Join now to support the amateur satellite program! Subscription settings: http://amsat.org/mailman/listinfo/amsat-bb
