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143 : true
1,624 Views • Mar 19, 2024 • Click to toggle off description
To see it happening, think about what you could buy with £1 over the past few decades.
We’ll look at it in terms of loaves of bread:
1970: £1 = 10 loaves of bread
1980: £1 = 3 loaves of bread
1990: £1 = 2 loaves of bread
2020: £1 = 1 loaf of bread.
So, £1 can buy you much less now than it could in 1970 and in another ten years it will buy even less. This is due to inflation. This is known as the “purchasing power” of money.
www.moneyhelper.org.uk/en/savings/how-to-save/infl…
Views : 1,624
Genre: Science & Technology
License: Standard YouTube License
Uploaded At Mar 19, 2024 ^^
warning: returnyoutubedislikes may not be accurate, this is just an estiment ehe :3
Rating : 5 (0/31 LTDR)
100.00% of the users lieked the video!!
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User score: 100.00- Masterpiece Video
RYD date created : 2024-03-20T02:28:51.990244Z
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@anthonydeane4381
10 months ago
nailed it !
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