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2 days ago50 years ago was 1975. Inflation, depend on the month was between 6.9% and 11.8%. (https://cpiinflationcalculator.com/1975-cpi-inflation-united-states/)
A random comparison of costs. (https://www.amerititle.com/2025/02/1975-vs-2025-traveling-back-in-time-to-compare-costs/) Mortgage rates are down from 1975 levels. Another random site (http://www.1970sflashback.com/1975/ECONOMY.asp)
Is everyone better off? No, Homeless people in both years had a hard life.
Does any of this invalidate what you said? Nope. This is for other people.
Didn’t Nancy Regan, wife of former USA President Ronald Regan, did this as well. (Ronald was apparently not mentally fit for the last few years as well.)