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less money used to get you so much more years ago. How come it can't anymore?

2007-09-11 10:37:47 · 3 answers · asked by Anonymous in Business & Finance Personal Finance

3 answers

Because inflation is very high in the United States of America.

If you move to another country with a lower inflation after retirement then your money will last a very long time.

2007-09-11 13:10:37 · answer #1 · answered by Anonymous · 0 2

Simple answer : because the money controller is manipulating it.

It works this way, the Federal Reserve, Treasury, Congress all get some say in money supply. Federal Reserve prints anything we demand, Treasury holds responsibility, Congress writes bills to pay. People on top have much more control over how much money is spent and will be worth than you can ever.

SO, as there's little you can do about losing your purchasing power, SOLIDIFY YOUR SPARE MONEY. I suggest buying something you can resell later for either a profit or the same amount adjusted to inflation. Precious metals (silver, gold) are good examples. Silver is particularly cheap and easy to buy, sell all on eBay.

2007-09-12 02:23:13 · answer #2 · answered by Smartass 4 · 0 0

the more money they print the less value it has, it is called soft money and aids inflation. INFLATION!

2007-09-11 17:47:02 · answer #3 · answered by zipper 7 · 0 0

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