MONEY & MARKETS • PURCHASING POWER
Four point two percent. That’s how fast your dollar lost ground in the last twelve months… the fastest pace in three years. Park $250,000 in a plain savings account — what plenty of you are doing — and $10,500 of its purchasing power just evaporated. Not lost in the market. Not invested badly. Just gone. Bought less coffee, less gas, less of the grocery list. And the Fed’s target is barely half of this.
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Three years. That’s how long it’s been since your dollar lost ground this fast in a single year.
