two thousand five hundred a year? [closed]

This is sentence from novel 'the Death of the heart'

From the business, and from interest on the residue of his mother's capital, Thomas derived, at present, an income of about two thousand five hundred a year.

The novel's time period is 1930s in London. I thought two thoudand five hundred means £2500... But that is so little as a year income + interest... Thomas is rich busniessman. Is that money is big money that time or I misunderstood the amount of money?

closed as off-topic by Nathan Tuggy, Eddie Kal, user3169, RubioRic, DavoOct 15 '18 at 16:19

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1 Answer

You understood the number correctly. Two thousand five hundred is 2500. However, you're not taking into account inflation (or some similar concept). Well, I don't know much about that, but I Googled it and this site tells me

In other words, £2,500 in 1930 is equivalent in purchasing power to £155,293.35 in 2017, a difference of £152,793.35 over 87 years.

In today's currency, the number looks more significant.

• That amount of money was a good salary for an office worker in 1970, forty years later. – Michael Harvey Oct 12 '18 at 6:16