inflation how much are my savings worth?

inflation how much are my savings worth?

Postby tommo » Wed Mar 31, 2010 5:29 pm

i hope someone can help me, if i had money,£1.766 back in 2004 what would it be worth today in great britain, thankyou.
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Re: inflation how much are my savings worth?

Postby Steve_B » Wed Mar 31, 2010 5:32 pm

£1,766 (plus interest, minus charges), of course :-)

If you mean, whats Inflation been since 2004, well about 2 to 3% a year, total about 15% ...
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Re: inflation how much are my savings worth?

Postby bsarabennett » Mon May 10, 2010 11:56 am

That really depends. You'll have to weigh the worth of the opportunity you're losing in having a static savings, and time and future aspirations. Money has more worth than a nominal surmise can credit it.
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