Run that inflation through every purchase made in a month... just in this food order example add a drink and fries, maybe dessert. Now think about the grocery store, services, transportation, housing/utilities, and entertainment.
Ask this tool why minimum wage isn't $1000/hr. (Bread=$350 loaf) . Purchase power dissolves since it takes more "money" to buy the same thing when inflation and interest is added in a non-value added environment.
Bonus: Credit is the absolute worst because those of us that pay cash have to compete with people that don't have the cash and strap on financial debt chains.
Run that inflation through every purchase made in a month... just in this food order example add a drink and fries, maybe dessert. Now think about the grocery store, services, transportation, housing/utilities, and entertainment.
Ask this tool why minimum wage isn't $1000/hr. (Bread=$350 loaf) . Purchase power dissolves since it takes more "money" to buy the same thing when inflation and interest is added in a non-value added environment.
Bonus: Credit is the absolute worst because those of us that pay cash have to compete with people that don't have the cash and strap on financial debt chains.