this post was submitted on 06 Oct 2025
163 points (100.0% liked)
United States | News & Politics
3402 readers
838 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
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
"The dollar has already lost 40% of its purchasing power since 2000"
That's the year I started my first job. So essentially I've been getting progressively more ripped off for 25 years. That is reflected quite readily by my lack of savings and inability to afford buying a house.
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.
"Widely accepted" by the people ripping us off