1 US dollar in 1960 was worth 1 dollar, however the buying
power of that dollar has changed drastically. The annual inflation rate
from 1960 to 2011 has been 4.02%, from that we can determine that what
you could buy for $1.00 in 1960 would cost you $7.46 today. Looking at
it the other way, what you can buy for a dollar today cost only 13c in
1960!
Updated on Wednesday, February 01 2012 at 08:49PM EST
Source: www.dollartimes.com/...
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