How Far Has Purchasing Power Declined in the Face of Inflation?

Описание к видео How Far Has Purchasing Power Declined in the Face of Inflation?

Recent high inflation means that money now buys less than it did before. But how much less? St. Louis Fed Research Associate Jason Dunn explains how inflation cost U.S. demand deposits—think checking accounts—nearly $418 billion in purchasing power between March 2021 and March 2022. Add in time deposits—such as CDs—and savings deposits, and this number rises to almost $1.8 trillion. That’s roughly equal to 8% of U.S. gross domestic product.

More at: https://www.stlouisfed.org/publicatio...

Комментарии

Информация по комментариям в разработке

Похожие видео