My friend Sam recently purchased a 50-inch Panasonic plasma HDTV for $2500. There were rebates and side deals for installation, but the bottom line is, that’s how much he spent.
And that got me thinking. Is that a lot of money for a TV set? Well, sure it is, but how does it compare to the first color TV my family owned? My father bought an RCA color console in 1967. The first program I ever watched on it? Don’t ask! OK, I’ll tell you. It was My Mother the Car.
Dad says to the best of his recollection the set cost $450. Running that amount through a few online inflation calculators, in today’s dollars that comes out to $2714. So it would seem that Sam’s purchase isn’t all that extravagant.