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Kiplinger
Kiplinger
Business
Rachael Green

How Does This Iran Oil Crisis Compare to the 1979 Iran Oil Crisis?

(Image credit: Smith Collection/Gado / Contributor)

Many older Americans are feeling deja vu as they watch energy prices rise in response to the Iran conflict. For those who lived through the 1970s and remember the spiraling inflation, soaring energy prices and increasingly unaffordable homes, today's economy looks eerily similar.

Here's a closer look at the parallels between the economy Americans are facing today and the one older generations dealt with over 40 years ago.

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