Ongoing high inflation has caused the price of many goods including food, vacations, houses and cars to surge in price.
A magazine ad from 1996 is going viral on social media for its prediction of what the cost of living would look like in three decades. "They say in thirty years a burger & fries could cost $16, a vacation $12,500, and a basic car $65,000," the Teachers Insurance and Annuity Association of America and College Retirement Equities Fund wrote in the advertisement. The ad sarcastically continued, "You’ll eat in. You won’t drive. And you won’t go anywhere.
49, along with a regular soda priced at $2.89. A small portion of fries was also added on – for a whopping $5.19.RELATED: Five Guys' prices sparks outrage after $24 receipt goes viral: 'Highway robbery'According to data collected by Edmunds.com earlier this year, the average price paid for a new vehicle in the United States fell 1.2% in January from a year earlier, to $47,338.
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