Fixed Income in the 1950s

Prompt: According to inflation calculators, $30,000 in 1950 would be equivalent to $322,532.37 today. So here’s the question. Would you rather live on a   fixed income of $30,000 today, or in 1950?  In your response, please consider multiple factors in making this decision, and be as detailed as possible in the reasoning behind your choice. Your mind will come to some immediate pros and cons, but as you further consider this choice, you will hopefully dig deeper into what it would really mean to transport yourself to 1950.

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