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Then and Now

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Do cars cost 10x as much as they did in 1970? As part of our happy discussion about our booming Netflix stock, the subject of inflation naturally came up. It's hard to wrap your mind around it. The best comparison is for things I could actually buy. I tend to measure the cost of things in "new cars." The following is part of the answer provided by Perplexity. It's amusing to see how Perplexity incorporates "boilerplate" explanations from the manufacturer, but the point is well taken. For this type of product, the price reflects value, especially when we consider general inflation and improvements in technology; 2020 Chevrolet Impala The most recent model year for the Chevrolet Impala is 2020, as the model has been discontinued. The 2020 Chevrolet Impala LT 4dr Sedan had an MSRP of  $31,620 2 4 .  This model came with a V6 engine, offering a comfortable ride and a spacious interior, though it was noted for having limited driver assistance technology availabil...