Demystifying Financial Jargon
Money Talk
DECEMBER 21, 2022
For example, $100 at the beginning of the year buys less than $100 at the end of the year. If a savings account earns 1 percent interest during a year with a 5 percent inflation rate, you lose 4 percent of the purchasing power of the money in savings. It is updated monthly. ups and downs in prices) of investments.
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