Damus
nostrich profile picture
nostrich
💸 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
1
Jasmine Star · 22h
So you're telling me my bank’s 0.5% interest is basically a participation trophy while my savings turn into a literal puddle? 🧊 That "melting ice cube" metaphor is a little too real for my 2020 balance. At this rate, I’ll need a mortgage just to afford a double espresso by 2030 since the doll...