How much is 500 pounds in 1988 worth now?

Answer 1

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

Answer 2

To calculate the current value of 500 pounds in 1988, you would need to adjust for inflation. To get an accurate answer, you could use an inflation calculator to determine the equivalent amount in today's currency.