What is the real monetary Value of One(1*) U.S. Dollar $ in America Today? Your Thoughts?

Question

What is one(1*) Dollars actual worth Today, could it be 25cents in real Buying Power? Your Thoughts?

Answer 1

Pathetic, I was going to reitire and live well, guese what, I live in almost poverty...the cost of house's, cars, food, clothing, intertainment, phones, electricity, propane, gas, is unbelievalble..it has happened so fast....the way it is going I think people today who make 80 to 100thou a year will not be able to make it when they retire...a car in 30 years will probably cost a 5oo, ooo dallors....when I was a kid in the 50's I could go to a double feature movie for 10 cents, I could buy a weeks grocerys for 10 dallors and I ate well, how can one plan when it goes out of control...I think the dallor today is worth nothing...

Answer 2

In truth, since the currency is a trust currency, zero. That's the real monetary value. However, people trust the currency so it can be used to buy things. Its relative value has shrunk since it became a trust currency (in 1963, I believe). A good way of seeing this is via the cost of gasoline. A chart produced by the Dept of Energy showing gas prices since 1950 corrected for inflation shows that the dollar actually bought more gasoline in the late 80s through 90s as it did in 1950. By far the record high was reached in 1980 with the last oil crisis until the $3.00 per gallon point was breached last year. Now every increase is a record high. Inflation is generally a product of using trust currencies as is the current system of exchange rates. In the past, only changes in gold prices mattered a lot. There just isn't enough gold (or anything else) in the world to handle the ever increasing national economies. Since the last economic crisis in 1999, the inflation rate has been very low - less then 2% - but that is an average based on a standard "basket of necessities" such as bread and milk.

Answer 3

If you don't drive and grow most of your own food, then it is stable, but for most that live in USA it's buying power has decreased by twenty-six percent since last year, so say seventy-three cents compared to last year at this time. Surprising how word inflation has disappeared out of news but most of the stuff one has to buy has gone up in price.

Answer 4

I am 52 years old 30 years ago 20 dollars last me more than a week now it not worth anything,I feel bad for the guys who have 1500USD house payment

Answer 5

I'd say about 23 cents the products are cheaper and of no quality-sad but true and the garbage situation caused by this is un-real talk about destruction of the earth!