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Friday, October 12, 2012

Standard of living, meet falling US dollar – My Budget 360

Standard of living, meet falling US dollar – My Budget 360

There is certainly a cost to a falling US dollar.  Many Americans are living the consequences of this multi-decade long trend.  The Federal Reserve has only added fuel to this trend but many families are now realizing that there does come a cost to unrelenting debt based solutions to fiscal problems.  Shopping at the local grocery store I’ve noticed that some items have doubled in the last few years.  Fueling up is also more expensive.  The issue with living on a low dollar policy is that eventually, you end up in a low wage capitalist system.  The easy money slowly inflates away especially on global items. 

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