• 23. 12. 2024 • H. T. •
Have you ever wondered why your currency doesn’t seem to go as far as it used to? That’s inflation at work! Inflation is the rate at which the general level of prices for goods and services rises, eroding the purchasing power of currency.
Imagine this: You have $100 today, but due to inflation, that same $100 might only buy you half as much in a few years. Scary, right?
In 1913, $1 had the same purchasing power as $26 in 2020. That is a loss of more than 96% of its value. And now add another 4 years of inflation to that.
But the fact is that generally it is not the prices going up, it is your currency going down.
Inflation affects everything from groceries to gas prices, making it crucial to stay informed and plan accordingly.
What are your thoughts on inflation and its impact on your daily life?
How wonderful it would be, if only we had stable, honest money? Right, right… 🙂
