General Chat

I have just posted this on tips board but wasnt really sure where it should go, anyway I was wondering what would be the equivalent of £500 in 1956 in todays money be. Thankyou for any replies Marie

I wasn't born long before that date, but I think you could buy houses for less than that. You would have been considered rich. Granny

Think there is a site on this;; go to ask jeeves I think;; Babs

Marie - your £500 in 1956 would have been worth £8,133.34 in 2004. Found this on a site that does conversions

Thankyou so much for your replies. Marie

My father-in-law was earning £750 per year then doing plating in a metal working factory. This was considered average money for semi-skilled labour. He did quite a lot of overtime. Hope that helps...... Merry

To think I couldnt live off anywhere near that in a month £750. The reason I wanted to know was because I have a copy of a will my GGGAunt left and a lot of the people on it each recieved the sum of £500 and some got £100 adding it all up it came to about £5000 pounds plus all her estate on Hampstead Heath, so I suppose we can safely say she was quite well off. There again she was an actress and worked for nearly all of her 89 years. Thanks again Marie.

my freind bought a three bedroom coner semi with garage for £300 in1953 just sold it for125,000 valium

In 1954 I was earning about £1 50 a week. An electricians basic wage was something like £7 or £8 a week,whereas a dock worker was reputed to be on something like £20 a week. Bob

Not on the fish docks Bob LOL My hubby was only on £20 per week in 1971 Germaine x

Useful rule of thumb is to multply by 20 for 1950 and by 10 for 1970. However you also need to bear in mind that people today are better off, so relalatively speaking they earn more, probably 1.5 = 2 times more than 50 years ago.

Maybe not, Germaine, I was thinking of the royal docks, in London....(different cargo's had differring rates of bonus)................but maybe a little more to the '60's Bob