Author Topic: Value of 1 in 1955  (Read 533 times)

Online ShaunJ

  • RootsChat Marquessate
  • *******
  • Posts: 18,549
    • View Profile
Re: Value of 1 in 1955
« Reply #9 on: Monday 01 June 20 11:06 BST (UK) »
I like to to think in terms of beer purchasing power, which usually ends up somewhere between RPI and house prices.

A pint of beer in 1954 cost 9d, so with 2400 you could buy 64,000 pints if beer. To buy that quantity today you would need around 224,000. 

By contrast, a litre of petrol in 1954 would have cost around a shilling so 2400 would have bought 48,000 litres. At today's prices: 48,000. I hadn't realised that petrol was so much cheaper now in real terms.

UK Census info. Crown Copyright, from www.nationalarchives.gov.uk

Offline louisa maud

  • RootsChat Marquessate
  • *******
  • Posts: 7,185
    • View Profile
Re: Value of 1 in 1955
« Reply #10 on: Monday 01 June 20 11:18 BST (UK) »
My husband equated it to the cost of a bar of chocolate, what does that say,  yes,he is a chocoholic

I really must find out more about this man, he apparently fought in the Spanish Civil War,  hence him not appearing in tbe 1939 listings  or anywhere else

Louisa maud
Census information is Crown Copyright,
from  www.nationalarchives.gov.uk

Garner, Marylebone Paddington  Northolt Ilford
Garner, Devon
Garner New Zealand
Maddieson
Parkinson St Pancras,
Lethbridge Paddington Slough
Jenkins Marylebone Paddington
Mizon/Mison/Myson Paddington
Tindal Marylebone Paddington
Tocock, (name changed to Ellis) London
Southam Marylebone, Paddington
Bragg Lambeth 1800's
Edermaniger(Maniger) Essex Kent Canada (Toronto)
Coveney Kent Lambeth
Sondes

Online Crumblie

  • RootsChat Senior
  • ****
  • Posts: 449
  • Census information Crown Copyright, from www.nationalarchives.gov.uk
    • View Profile
Re: Value of 1 in 1955
« Reply #11 on: Monday 01 June 20 11:20 BST (UK) »
In fact I really cannot believe that this man  left this amount of money, I wonder where he got it from to be honest, only found his marriage  and death, can't out his details online till I have cleared it with his family distantly related to me , his wife appears to have left nothing

Louisa Maud

In 1899 my gg grandfather left almost 3500 in his will and I have not got a clue where it came from. He was a drayman so he certainly did not earn it, I know he received a sixth share of his uncle's estate but unfortunately the will does not say what it amounted to, the total estate was only around that figure. I am trying to locate other wills he may have benefitted from but lockdown has put a stop to that at the moment.


Offline MaxD

  • RootsChat Marquessate
  • *******
  • Posts: 7,549
  • Census information Crown Copyright, from www.nationalarchives.gov.uk
    • View Profile
Re: Value of 1 in 1955
« Reply #12 on: Monday 01 June 20 11:46 BST (UK) »
A down to earth way is to link the sum with average wages as Guyana has done.  2400 is 320 weeks (6 years) wages @ 7 10s a week.

Average 2019 salary (Office for National Statistics and Fantasy) was 36611, equating to 222,5000 making ShaunJ's comparator pretty much on the money.

MaxD

   
Double  Essex/Suffolk
Randle/Millington Warwicks
Sokser/Klingler Austria/Croatia

Offline jc26red

  • RootsChat Marquessate
  • *******
  • Posts: 4,939
  • Census information Crown Copyright.
    • View Profile
Re: Value of 1 in 1955
« Reply #13 on: Monday 01 June 20 16:13 BST (UK) »
Pretty sure the price of petrol in 1954 was per gallon not litres. Need to divide the price by 4.56 to finish price per litre.

I remember fuel being 1s-3d per gallon and I wasn't born in 1954  ;D :P
Please acknowledge when a restorer works on your photos, it can take hours for them to work their magic

Please scan at 300dpi minimum to help save the restorers eyesight.

Online ShaunJ

  • RootsChat Marquessate
  • *******
  • Posts: 18,549
    • View Profile
Re: Value of 1 in 1955
« Reply #14 on: Monday 01 June 20 16:15 BST (UK) »
Quote
Pretty sure the price of petrol in 1954 was per gallon not litres

4/6 per gallon = approximately 1/- per litre
UK Census info. Crown Copyright, from www.nationalarchives.gov.uk

Offline Gadget

  • RootsChat Marquessate
  • *******
  • Posts: 50,042
    • View Profile
Re: Value of 1 in 1955
« Reply #15 on: Monday 01 June 20 17:09 BST (UK) »
I think my pocket money was 6d a week  8)

PS - I'm sure petrol was 33p a gallon in 1972-3, just before the oil crisis.
Census &  BMD information Crown Copyright www.nationalarchives.gov.uk and GROS - www.scotlandspeople.gov.uk

Offline medpat

  • RootsChat Aristocrat
  • ******
  • Posts: 1,192
  • Census information Crown Copyright, from www.nationalarchives.gov.uk
    • View Profile
Re: Value of 1 in 1955
« Reply #16 on: Monday 01 June 20 17:19 BST (UK) »
Average wage at the time

https://trove.nla.gov.au/newspaper/article/18416654

Their yearly survey showed that the average salary in the UK for men and women combined was 29,009, which includes those in both full-time and part work. For those in full-time work, the average UK salary is 35,423 and 12,083 for those in part-time.Nov 13, 2019

Roughly 40 times the amount from 1955 so 40.00
GEDmatch M157477

Offline MaxD

  • RootsChat Marquessate
  • *******
  • Posts: 7,549
  • Census information Crown Copyright, from www.nationalarchives.gov.uk
    • View Profile
Re: Value of 1 in 1955
« Reply #17 on: Monday 01 June 20 17:36 BST (UK) »
Not a great difference between our ONS figure of 36.6 and the Aus figure of 35.4 but it does point up how fraught statistics can be (see present day daily announcements!).

MaxD
Double  Essex/Suffolk
Randle/Millington Warwicks
Sokser/Klingler Austria/Croatia