“$37,000 in 1985 is equivalent in purchasing power to about $107,400.41 today, an increase of $70,400.41 over 39 years. The dollar had an average inflation rate of 2.77% per year between 1985 and today, producing a cumulative price increase of 190.27%.While some of us (at least me) are crying over spilled milk, in 1985, I could have bought a Plymouth Superbird for 37K (this price was negotiable). I was afraid to ask my wife for that money.
I ended up buying a 1971 Chevy SS for 9 grand. She was still mad at me for several days.
Just think what you could buy with $107,400.41 today.
And in 1985 you saved the difference of $37,000 minus $9,000 … probably investing that in Coca Cola stock so are worth millions today just on that one transaction.
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