💸 If you had $10,000 in savings in 2020, it's worth about $7,500 today.
Not because you spent it. Because inflation ate it.
25% of your purchasing power. Gone. In 4 years.
Your bank paid you 0.5% interest while inflation ran at 6-8%.
Since 1971 (off gold standard), the dollar has lost 98% of its purchasing power.
Cash is not a safe haven. Cash is a melting ice cube.
This is why people buy assets: real estate, stocks, Bitcoin.
Things that go up when the dollar goes down.
#inflation #money #finance #bitcoin
Not because you spent it. Because inflation ate it.
25% of your purchasing power. Gone. In 4 years.
Your bank paid you 0.5% interest while inflation ran at 6-8%.
Since 1971 (off gold standard), the dollar has lost 98% of its purchasing power.
Cash is not a safe haven. Cash is a melting ice cube.
This is why people buy assets: real estate, stocks, Bitcoin.
Things that go up when the dollar goes down.
#inflation #money #finance #bitcoin
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