Seems very much unprobable.
Based on the fact, that the world economy grew alot since than and today one can purchase far more things with money, than what people could dream of in that time.
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What are you talking about?
How many hours do you have to work to purchase something? Pick a range of items, do the maths based on x years ago. Most things are cheaper now. Some things are more expensive, like housing, for instance.
For instance, yesterday I calculated that 30 years ago I'd pay 15 hours a week of work to rent a place. A similar place today would cost me 11.5 hours work. If I'd stayed doing what I was a few years ago that might have been about 2 or 3 hours work, but I took a pay cut.
It's not quite as simple as just looking good at the pure numbers. The trouble is, where they keep messing with the money it makes it hard to judge what's getting cheaper, more expensive etc.