How much is a Dollar actually worth?
By sirnose
@sirnose (2436)
United States
April 21, 2012 11:30am CST
Every time I go to the supermarket some product has gone up. I'm wondering just how much a dollar is actually worth in real time. I tried finding out using Google but, all I find is exchange calculators which gives the current rate which is not the real buying power of the dollar.
Just from my buying experience, I guesstimate that the buying power of a dollar is .25 cent factoring in taxes and inflation. So,what do you think our dollar buying power is worth?
3 responses
@befrindwithme26 (5805)
• Philippines
22 Apr 12
Well dollar is worth it is money and even you go to store and bus something and there is more change like 1 cents or 5 still a use and that is worth..
But the prices today is very high you know..
1 person likes this
@sirnose (2436)
• United States
22 Apr 12
You got inflation to thank for that, when the dollar is strong you have about twice the buying power abroad. I remember when I went to Spain I got about twice what the dollar was worth. The dollar was so valuable then you had people on the street exchanging their currency for dollars. Anyway try to have a happy and prosperous trip.
@sirnose (2436)
• United States
22 Apr 12
You are right the dollar fluctuate on the exchange market but it doesn't rise when it comes to buying power. I remember when Pres. Reagan was in office they said that the dollar was worth about .37 cent at that time, so you know that it is worth far less today.
