[amsat-bb] Re: Life Members
aa2tx at comcast.net
Sun Jan 17 09:27:16 PST 2010
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
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.
AMSAT VP Engineering
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