Money Mail 169 - Your purchasing power decreased 15% in 3 years
Keep The Change
00:00
How to Calculate Your Inflation Rate
If you were earning $70,000 in June 2020, you'd basically need to be earning $85,000 today in order to buy the same goods or services. This is a 21% increase in your salary. Each of us have our own individual inflation rate because we all buy different goods and services in varying quantities. So for a lot of people that inflation rate was probably higher than the general rate. But for other people it will be lower. It is really hard to tell but basically just know that averages and generals don't always fit your situation specifically.
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