Money magic: How inflation changed my perspective as an adult
Money magic: How inflation changed my perspective as an adult
Inflation changed my perspective as an adult. Growing up in the 1980s, I remember the simplicity of life and the value of a dollar. Back then, a dollar could buy you a comic book and a handful of candy. Fast forward to today, and the same dollar seems to have lost its purchasing power. It now takes eight times the money to buy the same product or service as it did in 1980.
As a child, I was oblivious to the concept of inflation—the economic phenomenon that gradually erodes the purchasing power of money over time. As I grew older and ventured into the world of business, I realized that understanding the financial landscape, including the effects of inflation, is crucial for success.
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