🥇Average US and UK purchasing power fell sharply 📉 

Why is everyone getting poorer? Let's take a look at basic economics to understand this better:

🛒 Purchasing power is the value of a currency expressed in terms of the amount of goods or services that can be bought with one unit of money. It can weaken over time due to inflation or even rise due to deflation.

What you see in the charts above is a rough estimate of how much purchasing power has fallen in the US and UK over the last 3.8 years.

📊 To measure purchasing power, we can compare the price of goods and services to a price index, such as the Consumer Price Index (CPI).

The average purchasing power of Americans has been eroded by 23.90% since January 2020 due to insane money printing after the COVID-19 pandemic began, while that of the British has been eroded by 32.87%.