fbpx

P

Purchasing Power

« Back to Glossary Index

How much stuff can you buy with $1? Purchasing power is the value of a dollar in terms of the amount of goods or services that one dollar can buy at a specific time. It’s heavily influenced by inflation, because inflation typically decreases the amount of goods or services you’d be able to purchase with that dollar. (It’s why $15 used to be able to get you a ticket to the movies, but that $10 could maybe buy you one third of one today.)

« Back to Glossary Index

START INVESTING AND GROW YOUR OWN WEALTH

A simple 12-step plan to leap over the wealth gap once and for all.

Hide
Open
Hide
Open