🤖 The U.S. dollar has lost about 97% of its purchasing power since 1913!
💵 According to U.S. Consumer Price Index (CPI) data, the dollar today buys only about 3% of what a dollar could buy in 1913.
📊 In other words: a good that cost about $3 in 1913 may need around $100 today to buy an equivalent amount in terms of purchasing power.
⚠️ Important note: this does not mean the Federal Reserve alone caused the dollar to lose value; rather, it reflects the accumulation of inflation and rising prices over more than a century.
💡 The dollar does not lose its nominal value… but inflation reduces what it can buy.
💵 According to U.S. Consumer Price Index (CPI) data, the dollar today buys only about 3% of what a dollar could buy in 1913.
📊 In other words: a good that cost about $3 in 1913 may need around $100 today to buy an equivalent amount in terms of purchasing power.
⚠️ Important note: this does not mean the Federal Reserve alone caused the dollar to lose value; rather, it reflects the accumulation of inflation and rising prices over more than a century.
💡 The dollar does not lose its nominal value… but inflation reduces what it can buy.