How the U.S. Dollar Has Plunged vs Foreign Currencies (FX) in the Past 10 Years

Back in 1999…

An average house cost $129,000. Now it’s $180,000 (+40% increase)...and that’s after the real estate market crashed. 

 A gallon of gas was $1.15 and now it’s over double that (actually +143% higher) at $2.80!

A loaf of bread was $1.26 and now it’s $2.39 (+90% higher).

A dozen eggs cost 88 cents, now $1.49 (+69% higher).

A postage stamp was 32 cents and now its 44 cents (+38% higher).

What can we thank for the higher prices over the last decade? As strange as it sounds in the current deflationary environment, inflation stole your dollar’s value over the last 10 years.

The Dollar’s Purchasing Has Lost 21% of Its Purchasing Power During This Decade

The reality is that the costs of EVERYTHING you touch are going up astronomically and the dollars in your bank account buy less and less all the time.

What’s worse is that while the costs of goods are on the rise again…unemployment is hitting its highest levels in 26 years. That means that companies can’t raise salaries to keep up with the ever-rising cost of living.