Economist Mark Perry has periodically done posts at his blog that contrasts the relative real prices of items from decades ago to the prices of today. The two graphics below are particularly interesting. (Christmas holiday shopping 1962 vs. 2012: the ‘golden era’ of prosperity for middle- and low-income Americans is today.)
Here is the price of a home entertainment center in 1962. It was $379.95 in 1962 dollars but $2,900 in 2012 dollars.
What could you buy for $2,900 in 2012?
