GoBankingRates: What If the US Dollar Drops in Value by 50%?
Article by Jordan Rosenfeld in GoBankingRates
The value of a dollar shouldn’t require much math. If you have $1, you have $1, right?
Sort of! The dollar’s value fluctuates over time (inflation) and due to economic conditions (such as tariffs) based on how much you can purchase with that same dollar. Thus a dollar is really a measure of purchasing power.
For instance, there was a time when a single dollar could buy multiple groceries, whereas today you can’t even buy a dozen eggs for anywhere near that price due to inflation.
If the dollar lost half of its value, what would the impact look like on the economy and your wallet?
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Some Fluctuation Is Normal
In truth, the dollar value fluctuating is a pretty regular occurrence, according to Jim Pendergast, general manager of altLINE by The Southern Bank. “[We] saw the dollar value drop at a fairly similar clip from 2022 into 2023, as it is now, before slowly recovering,” he said.
A 50% drop in dollar value is ......