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1 vote
Why is $1,000 in five years worth less than $1,000 today?

User Avigil
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2 Answers

3 votes

Answer:

inflation

Step-by-step explanation:

As a country prints more money the buying power of the money decreases because their is simply more of it. It's like apples, the more apples in a community the less valuable each individual apple becomes because they are less rare than the year before, same goes for the amount of money in a country. The more money in a country, the less valuable it is because it is no longer as rare.

User Roman Proshin
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6.9k points
4 votes

Answer:

inflation as prices go up. salary

User Waqas Ilyas
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7.2k points