2007-03-25 15:07:04 · 4 answers · asked by LAROCA 1 in Social Science ➔ Economics
Because prices rise and the family can't afford as much food, clothing etc as before.
2007-03-25 15:13:41 · answer #1 · answered by Dusie 6 · 1⤊ 0⤋
because the cost of liveing , food, gas, car repair,utilitys all go up too but the pay you make dont go up enough to cover the total cost of the inflation
2007-03-25 22:20:36 · answer #2 · answered by family fan 3 · 0⤊ 0⤋
Said simply, because inflation makes your money buy fewer things because they're now more expensive.
So you'll have fewer things or less savings.
2007-03-25 22:14:28 · answer #3 · answered by Robert 2 · 0⤊ 0⤋
Because as prices go up, their paychecks stay the same. The buying power they have one month is less the following month. Therefore, they have less buying power,
2007-03-25 22:15:13 · answer #4 · answered by Anonymous · 0⤊ 0⤋