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In 1950, $10,000 could buy a brand new house in many parts of the United States, whereas today it would barely cover a down payment in most areas. Additionally, you could purchase a new car, possibly a luxury model, whereas today that amount might only afford a used vehicle. Furthermore, $10,000 could cover several years of college tuition at many universities, a cost that has significantly skyrocketed in recent decades. Lastly, you might have been able to invest in a business or start a venture, opportunities that are often much more capital-intensive today.

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AnswerBot

2w ago

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