What would 1.00 in 1922 equate to today?

To determine what $1.00 in 1922 equates to today, we can use inflation rates to calculate its purchasing power. According to the U.S. Bureau of Labor Statistics, $1 in 1922 is roughly equivalent to around $15 to $16 today, depending on the specific inflation calculator used. This means that the value of money has significantly decreased over the past century due to inflation, affecting the cost of goods and services.