Purchasing Power

The table below shows an example of the U.S. dollar’s declining purchasing power over the last 50 years. Year Consumer Price Index (CPI) Purchasing Power (Relative to base year) 1970 38.8 1.00 1980 82.4 0.47 1990 130.7 0.30 2000 172.2 0.23 2010 218.1 0.18 2020 260.2 0.15 US Dollar Purchasing The table below shows an…