Glossary
Inflation
The gradual loss of money's purchasing power: the same amount buys less a year later. This is why cash under the mattress slowly loses value.
← All glossary terms
✦ Awe Reads. We write to help you see things a little clearer.
The gradual loss of money's purchasing power: the same amount buys less a year later. This is why cash under the mattress slowly loses value.
