United States | News & Politics

3426 readers

631 users here now

Welcome to !usa@midwest.social, where you can share and converse about the different things happening all over/about the United States.

If you’re interested in participating, please subscribe.

Rules

Be respectful and civil. No racism/bigotry/hateful speech.

No memes.

Post news related to the United States.

founded 2 years ago

MODERATORS

simsymbiote@midwest.social

Type1@midwest.social

exposingfash@midwest.social

163

The dollar is down over 10% in 2025, heading for its worst year since 1973 (www.mitrade.com)

submitted 2 weeks ago by cm0002@sh.itjust.works to c/usa@midwest.social

30 comments fedilink hide all child comments

you are viewing a single comment's thread
view the rest of the comments

[–] chisel@piefed.social 12 points 2 weeks ago (1 children)

Well, 25 years is a long time. Using actual numbers sourced below, we're looking at 88% inflation since then. It sounds high, but that's only 2.5% per year, which is widely accepted as the ideal inflation rate, so it's actually a pretty good number.

Keep in mind this article was written by a crypto company with every incentive to shake your trust in the dollar so that you buy their totally cool and amazing investment nftcoin.

According to this calculator, a 2025 dollar is worth $1.88 in 2000, and they quote the Bureau of Labor Statistics as the dollar having 53% purchasing power as compared to 2000.

[–] RenLinwood@lemmy.blahaj.zone 1 points 2 weeks ago

"Widely accepted" by the people ripping us off