Foundation for Economic Education: 4 Ways Young People Can Hedge Against Inflation
September 05, 2023
September 05, 2023
DETROIT, Michigan, Sept. 5 -- The Foundation for Economic Education issued the following agency statement on Sept. 3, 2023:
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When money becomes less valuable and costs rise, the money you have saved affords you exponentially less. In the short term, you may not notice the difference. According to the U.S. Bureau of Labor Statistics, $1 in June 2020 has an equivalent purchasing power to $1.18 as of June 2023.
That might not seem like a lot to some peopl . . .
* * *
When money becomes less valuable and costs rise, the money you have saved affords you exponentially less. In the short term, you may not notice the difference. According to the U.S. Bureau of Labor Statistics, $1 in June 2020 has an equivalent purchasing power to $1.18 as of June 2023.
That might not seem like a lot to some peopl . . .