SALARIES
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Posted by eric (172.133.220.73) on November 23, 2002 at 16:01:15:

Can anyone tell me if there is a "rule of thumb" when calculating future value of money (ie- salary)??

For instance, if someone made 127k twelve years ago, what would that equate to as a salary today?

I use the Dept of Labor Statistics showing an average inflation rate of approx 2.6%. Has anyone ever heard of another way to calculate it?
Only serious replies with sources, please.

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