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In 1960, the average price of a new car was around $2,600, while the median home price was approximately $12,700. By 2010, the average new car price had risen to about $28,000, and the median home price had increased to around $170,000. This significant increase in prices reflects inflation and changes in the economy over those five decades. Overall, the purchasing power of the dollar has diminished considerably from 1960 to 2010.
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