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17 ore fa · A rising cost of housing was reflected in the average price of a new home in the U.S. The average price of a new home in the U.S. was $23,450 in 1970 up to $68,700 by 1980. By the time of 1980, when U.S. President Jimmy Carter was running for re-election against Ronald Reagan , the misery index (the sum of the unemployment rate and the inflation rate) had reached an all-time high of 21.98%. [20]
