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RE: A Dollar Used to be worth something.

in #inflation8 years ago

In just my lifetime according to the bank of Canada I have lost 2/3 of my purchasing power. Most currencies have a shelf life of about 40 years which is close to the average life span. If you were rich enough to have $100 in 1914 it would be like having $2116 in 2016!

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In 1913 money minimum wage in 2016 would be a negative value per hour and it is. You can't keep up with costs on it or even close to it due to inflation and lack of cost of living raises for the middle class