1962 the cars continued to evolve as more compacts appeared and sold well in the US. The Cold War continued to worsen when the Russians placed Ballistic Missiles on Cuban land just 90 miles away from the coast of Florida in and JFK called the bluff by threatening war unless they were removed which they were but for a short time the world was on the brink of nuclear war and self destruction. The president then set a goal of landing a man on the moon before the end of the decade and became more involved in politics in Southeast Asia by training South Vietnamese pilots. Folk music was evolving into protest music thanks to young artists like Bob Dylan and the birth of Surfing music by the beach boys grew in popularity meanwhile in England the Beatles record the single "Love Me Do". The new hit on TV for that year was "The Beverly Hillbillies" and the first of the James Bond movies "Dr No" was an instant success, some of the other movies released included "Spartacus" and "El Cid”.

 

 

Cost Of Living 1962

 

How Much things cost in 1962
Yearly Inflation Rate USA 1.20%

Year End Close Dow Jones Industrial Average 652
Average Cost of new house $12,500.00 Average Income per year$5,556.00 Average monthly rent $110.00 per month Tuition to Harvard University $1,520.00

All Wheel Drive Scout off road $2,150.00 Renault Imported car $1,395.00

Average Cost of a new car $3,125.00 Eggs per dozen 32 cents

Gas per Gallon 28 cents

Factory Workers Average Take Home Pay with 3 dependents $94.87

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