In 1970, everyday expenses were significantly lower than they are today. A new house in the U.S. costs around $23,000, and a gallon of gas was just 36 cents.
The average annual income was about $9,400, while a loaf of bread cost 25 cents.
A brand-new car? Around $3,500.
Though prices were low, wages were too, and inflation in the coming years would change everything.
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