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6 December, 01:57

How does inflation impact my financial wealth

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  1. 6 December, 03:01
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    The impact inflation has on the time value of money is that it decreases the value of a dollar over time ... If wages remain the same but inflation causes the prices of goods and services to increase over time, it will take a larger percentage of your income to purchase the same good or service in the future.

    Explanation:

    so if you work the same job at the same rate of pay for 10 years and inflation of goods and services rises, you comparatively make less now than you did 10 years ago.
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