Welcome to the FIA News & Insights, a one-stop resource that includes insights from senior investment professionals on timely market events, their views on the economy and their respective markets. Find updates on the latest media information on Frost Investment Advisors, LLC and the most recent reprints, as well as, archival information for your reference.
Purchasing Power of Dollar Continues Steady Decline with Sharp Drop in Last Year
The purchasing power of the dollar has steadily declined over the years, especially since 2000, with that trend accelerating recently. In 1983, the dollar purchased about $1.00 worth of goods, and over the last 38 years, that figure has fallen to 36.5 cents. This week’s commentary will look at the impact the recent spike in inflation has had on key components of our daily life, robbing consumers of their purchasing power.
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