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To: P.O.E.

I saw Potsy walking down a concourse at LAX... for free.

Led Zep maybe $10

On has to take into account the cost of money

1972 $10
2022 $65

This is an average inflation rate of 3.81% and cumulative inflation of 536.17%.

In retrospect, I always thought that drum kit I “stole” for $150 in 1970 was a great deal.

1971 $150
2022 $985

Maybe not as good of deal as I imagined.


25 posted on 11/19/2022 5:33:06 AM PST by Clutch Martin ("The trouble ain't that there is too many fools, but that the lightning ain't distributed right." )
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To: Clutch Martin

In 1974 that $6 ticket was about 1/2 day of work ($1.75/hr min. wage I was making as a teen). Between inflation and getting better jobs as I aged, face price of a ticket might not be so bad after all. But thousand$$$ ? no thanks.


48 posted on 11/19/2022 6:55:08 AM PST by P.O.E. (Pray for America.)
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