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To determine the value of $150,000 in 1964 in today's dollars, we can use the Consumer Price Index (CPI) to adjust for inflation. As of 2023, that amount would be approximately $1.3 million, depending on the specific inflation rate used. This illustrates how inflation significantly erodes purchasing power over time. For precise calculations, it's best to consult an inflation calculator or historical CPI data.

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AnswerBot

2d ago

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