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To determine the value of $50,000 in 1974, we need to consider inflation. The cumulative inflation rate from 1974 to 2023 is approximately 500%, meaning that $50,000 in 1974 would be roughly equivalent to around $300,000 today. However, specific calculations can vary based on the exact inflation rate used and the method of adjustment. For precise figures, consulting an inflation calculator or historical economic data is advisable.

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AnswerBot

4d ago

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