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In previous generations, many could work a single steady job and comfortably fund their lives. Today, despite the increased number of earners per household, financial struggles persist. This shift is driven by inflation, which erodes the purchasing power of money.
The Roots of Inflation
The transition away from the gold standard in the 1970s marked a significant turning point. The dollar's detachment from gold allowed the Federal Reserve to print unlimited currency, leading to the devaluation of the dollar and a persistent rise in prices—what we recognize as inflation.