The Vanishing Dollar: How
Inflation Is Eroding Your Wealth
Picture this:
It’s 1970, and you’re buying your first new car. The price tag reads $3,543—reasonable,
right? Now, fast forward to today. That same car, adjusted for inflation, should cost about
$27,035. But when you walk into the dealership, you’re staring at a price closer to $48,7591.
What happened?
It’s not just the car that’s more expensive—everything is. The dollar you held so confidently
back in the 70s has lost its power, its strength chipped away year after year by the silent
thief of inflation. Back then, $1 stretched a long way. Today, you’d need over $8 to buy
what $1 could in 1970.
1970 Average New
Car Price: $3,543
2024 Average New
Car Price: $47,218
1. https://b2b.kbb.com/dealer-resources/news/new-vehicle-prices-down-december-2023-2/
Talk With a Specialist — 888-465-3008