Prices have changed enormously since 1950, mainly because the dollar’s value is not the same as it used to be. Inflation is to blame since it strikes when prices rise, minimizing the purchasing power of the dollar. But not all of us are financial experts, and we may not know exactly the course of inflation over the years.
Yet, we can easily compare what we would have bought with $100 some decades ago. When you realize what you could have gotten with $100 thirty years before and what you actually get with the same amount of money today, you will probably be shocked.
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