Mathematics, 08.02.2021 21:50 stressedmolly632
Inflation causes things to cost more, and for our money to buy less (hence your grandparents saying "In my day, you could buy a cup of coffee for a nickel"). Suppose inflation decreases the value of money by 2% each year. In other words, if you have $1 this year, next year it will only buy you $0.98 worth of stuff. How much will $100 buy you in 20 years?
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Inflation causes things to cost more, and for our money to buy less (hence your grandparents saying...
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