David ...
$1,000 for a console stereo in 1970, in today's dollars, would be $5,832.29!!
Can you imagine paying nearly $6,000 for what was, at the time, a mass-produced mid-range stereo system??
On another note, I've found it interesting that with the proliferation of iPods, iPhones, and other mp3 devices -- particularly our computers -- the home "stereo" seems to have gone the way of the electric can opener. Interesting how most of the younger generation don't even have stereos -- they just have their personal portable devices.
I remember not too long ago when every teenager and young adult's MOST prized possession was his stereo!!