Thursday, February 16, 2017

Measuring Worth: Joseph Defriez Estate

Tanner Family Line

Joseph Defriez (1793–1874) was the father of Joseph George Defriez. His profession was Funeral Feather Merchant, and he had the Freedom of the City of London. (See Joseph Defriez and the Freedom of the City of London.)

When he died his estate was valued between £800 and £1000. I wondered what that would be in current dollars, and visited the site Measuring Worth. To keep it simple, I used a figure of £900. The calculator suggested a real price value of £75,360. However, with estates, I've found it more useful to use the website's relative economic status value. That gave an estimate of £661,100. In today's dollars, the real price value would be $94,109 and the economic status value $825,580. In either case, they were a family of some means, and were not the working poor like other ancestors from the UK.

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