In 1950, the purchasing power of the U.S. dollar was more than 13 times greater than it is today, meaning your money went much further, at least when it came to certain expenses. For instance, the average cost of a brand-new Chevrolet sedan was just $1,450 that year, the equivalent of around $19,416 today when adjusted for inflation. The median price for a single-family home, meanwhile, was only $7,354, or around $98,474 in today’s money. (If only!) That said, salaries were lower in the mid-20th century as well. The median salary was $3,135 (around $41,979 ...Read More