Meaningless on its own. You need to compare it to something, say wage increases to have a point. Otherwise it’s only relevant for people hoarding cash and those not familiar with exponential growth/decay in math.
No. Your wages have increased as well, so in 1900 you’d be very very wealthy. That is how inflation works. As a worker you should be interested in your buying power per hour of labor. Not the buying power of a currency.
Meaningless on its own. You need to compare it to something, say wage increases to have a point. Otherwise it’s only relevant for people hoarding cash and those not familiar with exponential growth/decay in math.
Its compared to our buying power, which has diminished from a case of candy to a Halloween size bag of Gummies
No. Your wages have increased as well, so in 1900 you’d be very very wealthy. That is how inflation works. As a worker you should be interested in your buying power per hour of labor. Not the buying power of a currency.