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Has your grandfather ever told you that back in his day, you could buy a whole shopping cart of groceries for $10? Or that a movie ticket used to cost a quarter?
He’s talking about inflation. In short, your money doesn’t buy as much as it used to. How does this happen? Well, that’s where it gets a little more complex. Luckily, we have Jeremy Quittner, Stash’s financial writer, to explain it all to us.
We tackle inflation, interest rates, and how it all affects the economy.
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