It’s ok it’s not political. How the dollar stacks up against other currencies isn’t the issue here. Let’s say Joe Blow retired in 1998. Joe only saved a 100k for his retirement and gets a small fixed income that is barely enough for living expenses. That 100k buys much less now than it did in 1998. Fast forward another 15 years and it will be drastically less. When they said death and taxes are the only thing that’s guaranteed, they forgot to mention inflation lol.Not to get political but I thought the US dollar was getting more expensive with respect to nearly all other currencies?
“The U.S. dollar has lost 45% its value since 1998
A dollar today only buys 55.036% of what it could buy back then. The inflation rate in 1998 was 1.56%. The current inflation rate compared to last year is now 8.26%. If this number holds, $100 today will be equivalent in buying power to $108.26 next year.”
Last edited:
Upvote 0