I know that Joseph Florentin Montet (my ancestor) left an estate worth $10,278.39 when he died in 1886. But I don’t know what that really means.
An inflation calculator helps. Here’s a handy dandy one: http://www.in2013dollars.com/1860-dollars-in-2017?amount=1
Are you ready to find out if he was a rich man or a poor man? Are you excited?
He was worth about $279,000. The cash he had on hand would be about $43,000 in today’s dollars.
Isn’t math fun?