Inflation

The Killer of Wealth

Since the Year 2000

Purchasing Power has Decline

By

-43% 

The cumulative loss of purchasing power in the United States since 2000 is significant, with the value of a dollar in January 2000 having the same purchasing power as $1.76 in March 2023. This is due to inflation, which is the gradual loss of purchasing power over time as prices for goods and services increase. 

 

Here are some examples of how purchasing power has changed since 2000:

• Social Security

  Social Security benefits have lost 36% of their buying power since 2000. This is one of the largest losses recorded by a study that compares the growth in the COLA with changes in the price of goods and services typically used by retirees. 

   
• Cost of goods and services for retirees

  The cost of goods and services purchased by typical retirees has increased by more than 141% since 2000. For example, a $100 a retired household spent on groceries in 2000 would buy only $64 worth today. 

   
• Federal Reserve Note

  The US Federal Reserve Note (U.S. Dollar) 
• 
  
• Has Lost
• 
  
•  Approximately 43.2% of its value since 
• 
  
• January 2000