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Purchasing Power of $USD

Have you heard the term “inflation”?

It describes how goods and services have increased in price over time.

It’s why when Grandma was a little girl she could gat a malt at the soda shop for $0.05 but my smoothie costs $5.

Since the early 1900’s the US dollar has lost the bulk of it’s purchasing power.

Not only does this mean our dollars are wroth less than our parents, it also means we’ll need more of them in the future because they are worth less each year.

your savings account (although good and helpful) is slowly loosing value to inflation.

Make the switch from saving to investing to beat inflation.