U.S. Dollar Purchasing Power Down 87% Since 1971; British Pound Falls 93%
JH Kim
Summary
- The purchasing power of the U.S. dollar has fallen 87% since 1971.
- Over the same period, the purchasing power of the British pound fell 93%, marking the biggest decline among the currencies compared.
- Over the same period, the purchasing power of the Swiss franc declined 66%, a smaller drop than the other currencies.
Forecast Trend Report by Period
The purchasing power of the U.S. dollar has fallen 87% since 1971. Over the same period, the British pound lost 93% and the Swiss franc declined 66%.
Cointelegraph, a cryptocurrency-focused media outlet, reported on Oct. 12 that the purchasing power of the U.S. dollar has dropped 87% from its 1971 level.
Over the same period, the British pound's purchasing power fell 93%, the steepest decline among the currencies compared.
The Swiss franc's purchasing power declined 66%, a smaller drop than that of the U.S. dollar and the British pound.
JH Kim
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