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Samples of Inflation

This analysis explores the dramatic rise in everyday expenses over the decades, emphasizing the importance of saving amid inflation. By comparing the costs of buying a new car, hospital stays, and groceries from 1960 to expected prices in 2050, it’s evident that inflation significantly affects our purchasing power. For instance, the price of a new car skyrocketed from $1,800 in 1960 to an anticipated figure in 2050. This stark comparison urges readers to recognize the need for proactive financial planning and saving strategies to combat future inflation.

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Samples of Inflation

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  1. Samples of Inflation (…or why you need to start saving…) NOW!

  2. Buying a New Car • 1960 = $ 1,800 ($.19 per gallon)

  3. Chevrolet Corvair Convertible

  4. Buying a New Car • 1960 = $ 1,800 ($.19 per gallon) • 1970 = $ 6,200 ($.49 per gallon)

  5. First Day at IBM

  6. Buying a New Car • 1960 = $ 1,800 ($.19 per gallon) • 1970 = $ 6,200 ($.49 per gallon) • 2005 = $ 18,000+ ($ 2.20 per gallon) • 2050 = $ ???,???($ ??.?? per gallon)

  7. One Day in the Hospital(room, food, nursing care, doctor, medicine) • 1970 = $ 344

  8. One Day in the Hospital(room, food, nursing care, doctor, medicine) • 1970 = $ 344 • 2004 = $ 3,899

  9. Fred Fred and Jake sitting in the big chair 3.jpgand Jake sitting in the big chair 3.jpg

  10. One Day in the Hospital(room, food, nursing care, doctor, medicine) • 1970 = $ 344 • 2004 = $ 3,899 • 2050 = $ ??,???

  11. Bag of Groceries (3% Inflation) • 2005 = $ 100 • 2015 = $ 134 • 2025 = $ 181 • 2030 = $ 209

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