[amsat-bb] Re: Life Members
gzook at yahoo.com
Sun Jan 17 10:54:57 PST 2010
If you use the calculator that I referenced you will come out with the figures that I quoted. There are several ways of measuring the worth and those are shown on the calculator. Using the consumer price index as the basis the figures are correct. Using other things as the basis you will definitely come up with different figures.
--- On Sun, 1/17/10, Anthony Monteiro <aa2tx at comcast.net> wrote:
> From: Anthony Monteiro <aa2tx at comcast.net>
> Subject: Re: [amsat-bb] Re: Life Members
> To: "Glen Zook" <gzook at yahoo.com>, "Amsat BB" <amsat-bb at amsat.org>
> Cc: aa2tx at comcast.net
> Date: Sunday, January 17, 2010, 11:27 AM
> At 12:03 PM 1/17/2010, Glen Zook
> > ...
> > 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.
> Tony AA2TX
> AMSAT VP Engineering
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