Podcasts Education Self-Improvement Keep The Change Money Mail 169 - Your purchasing power decreased 15% in 3 years

Money Mail 169 - Your purchasing power decreased 15% in 3 years

Published: Aug. 5, 2023, 12:37 a.m.

b'Now that a number of you hate me after suggesting last week\'s income exercise, I thought I would keep that theme going. Did you know that your purchasing power decreased 15% in 3 years? This is why you really do need to understand inflation! At 11.59pm on March 25, 2020 , New Zealand shut down. Remember that? Regardless of what you believe to have caused inflation, know that it has been compounding at a rate of 5.5% for the last 3 years.

Hey thanks for listening! Please take some form of action from this content, don\\u2019t just be a consumer, become a producer! Make sure you\\u2019re subscribed to Money Mail via Keepthechange.co.nz to receive our weekly lesson on money and financial literacy. Stay close to us on social media and share this with someone that you think this content will help. Together we can collectively improve the financial literacy of New Zealand - let\\u2019s get on with it.

Find us here:
@keepthechange_nz
https://www.keepthechange.co.nz/

Hosted on Acast. See acast.com/privacy for more information.

'