Results 1 to 2 of 2
  1. #1
    Eartha is offline Member
    • Member Info
      • Member Type:
      • Student or Learner
      • Native Language:
      • Chinese
      • Home Country:
      • China
      • Current Location:
      • China
    Join Date
    Oct 2009
    Posts
    179
    Post Thanks / Like

    Default comparable inflation-adjusted figure

    Dear all,

    How should I understand the underlined sentence?

    Thanks in advance.

    About 40 percent of American families in 1929 earned less than the $1,500 annual income that the federal government deemed the poverty level. That compares to 8.4 percent living at the federal poverty level of $15,000 in 2006. In 1929, only 2.3 percent earned more than $10,000 a year. In 2006, 24.2 percent earned more than $100,000, a comparable inflation-adjusted figure.

  2. #2
    2006 is offline Banned
    • Member Info
      • Member Type:
      • Other
      • Native Language:
      • English
      • Home Country:
      • Canada
      • Current Location:
      • Canada
    Join Date
    Apr 2007
    Posts
    4,161
    Post Thanks / Like

    Default Re: comparable inflation-adjusted figure

    Quote Originally Posted by Eartha View Post
    Dear all,

    How should I understand the underlined sentence?

    Thanks in advance.

    About 40 percent of American families in 1929 earned less than the $1,500 annual income that the federal government deemed the poverty level. That compares to 8.4 percent living at the federal poverty level of $15,000 in 2006. In 1929, only 2.3 percent earned more than $10,000 a year. In 2006, 24.2 percent earned more than $100,000, a comparable inflation-adjusted figure.

    It means that $100,000 could buy as much in goods and/or services in 2006 as $10,000 could buy you in 1929. This is because the cost of things goes up over time. Thats what inflation is.

    inflation = tong(1) huo(4) peng(2) zhang(4)
    Inflation | Define Inflation at Dictionary.com

Similar Threads

  1. Replies: 2
    Last Post: 20-Nov-2009, 06:07
  2. no comparable or comparable with no
    By sky753 in forum Ask a Teacher
    Replies: 6
    Last Post: 15-Jun-2008, 10:21
  3. Inflation and Unemployment
    By Sandersru in forum Editing & Writing Topics
    Replies: 5
    Last Post: 20-Apr-2008, 05:18
  4. gross inflation of salaries
    By Unregistered in forum Ask a Teacher
    Replies: 1
    Last Post: 18-Oct-2007, 11:19
  5. inflation-busting
    By kat2006 in forum Ask a Teacher
    Replies: 1
    Last Post: 29-Aug-2007, 13:01

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •