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Anthony Mungovan CPCU, FCLS, AIC, ARM
Anthony Mungovan CPCU, FCLS, AIC, ARM
State Auto Large Loss Commercial Claims Adjuster
Published Dec 22, 2020
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Last night I was watching my favorite version of Charles Dickens’ “A Christmas Carol,” the 1951 British classic starring Alastair Sim. Seeing Ebenezer Scrooge repent of his miserly ways and become of man of compassion and generosity is a great story.
One thing that was never really clear to me was how much Scrooge was paying people? In today’s dollars, how much was an 1843 Shilling or Crown or Guinea worth? After doing various Google searches, I think I have arrived at reasonably accurate answers.
An 1843 Shilling was worth about $8.80 in today’s dollars. Scrooge offers to give a young boy one Shilling if he asks the local butcher to return to Scrooges house with the “prized Turkey,” a gift for Bob Cratchit. If the boy hurries, Scrooge offers to give him a half-Crown which is 2 Shillings and 6 Pence. Based on my internet searches, that equates to about $22.00 in today’s dollars. Not bad for a poor 8-year-old boy.
Then there’s Scrooge’s house maid. (A wonderful addition to the story told only in the 1951 movie.) She made a pitiful 2 Shillings a week or $17.60 in today’s dollars. (It appears she was a part-time worker.) After Scrooge’s transformation she got a Guinea on Christmas Day ($185 in today’s dollars) and a 500% pay raise. That equates to a take home pay of $88 a week in today’s dollars.
And finally, there’s Bob Cratchit. He made 15 Shillings a week working for Scrooge 60 hours a week. That equates to approximately $132.00 a week in today’s dollars. Assuming he got a 500% pay raise like the maid, his new weekly salary would be $660.00 a week in today’s dollars.
Of course, it’s difficult to compare the purchasing power of money in 1843 versus today. But we can rest assured that Scrooge’s generosity was a life-changing blessing to many people in need.
Merry Christmas!
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Lloyd Louks, OFS
Board of Directors at Marine Foundation of Indiana
3y
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After getting over the Chinese SARS-COVID virus in March 2019, wife and I recovered ready and eager to get back to work. Hers is a work-from-home via computer and Internet, while mine was part time transporter of rent-a-car vehicles which didn't had slowed dramatically. Being unemployed and bored left me with the strong urge to go somewhere, anywhere that I could be free. The extra $600 each week in unemployment was a real life saver and I used it to drive my POV to San Diego, then Fort Sill, Oklahoma, before returning home. Sometimes when you pray, help comes from unexpected directions. The Lord works in mysterious ways; thanks be to the Lord.
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