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In 1988 the national average American earned about 19,500 American Dollars. In 2008 thaverage wage had increased to 42,000 Dollars. Using this ratio (2.154:1) an amount of 500.00 Dollars would now be the same (in average terms) as 1,077 Dollars. Thsi is a rule of thumb and pretty close to the mark say within 5% of the amswer a statistician would be able to produce. Hope this helps. Glenmacmac@hotmail.com
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