May 2012
Intermediate to advanced
256 pages
3h 39m
English
book
The Little Book of the Shrinking Dollar: What You Can Do to Protect Your Money Now
by Addison Wiggin, Samantha Buker
Content preview from The Little Book of the Shrinking Dollar: What You Can Do to Protect Your Money Now
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Maintain Your Standard of Living—Despite the Central Bank
Have you noticed life is not as good as it used to be? If you’re reaching deeper into your wallet to buy the same old things, you’re not crazy.
In fact, the average American’s standard of living has tumbled more sharply in just the three years since the 2008 crisis than it has than any time since the United States started keeping track in the 1960s.
Said average American has $1,315 less to spend since the start of the Great Recession.
Let’s review. The cut to our standard of living comes from a three-one punch:
1. Stagnant incomes
2. Price inflation
3. Falling net worth
If you consider the unemployment rate alongside inflation—the Misery Index—we’re at our highest level of misery since 1983.
What follow are some great ways for you to fight back and keep misery at bay. In fact, we think you can use these tips to build your wealth in the years ahead.
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I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.