Ever feel like your money doesn’t stretch like it used to? There’s a reason for that. And it’s more serious than you probably think.
The dollar’s value is plummeting. It has been slipping for years, but the trajectory is getting steeper. Against the world’s major currencies, the dollar has lost more than 14 percent of its value over just the past five years—and a shocking 32 percent in the last decade. In October alone, the dollar plummeted 6.5 percent. For the first time in history, the Australian and Canadian dollars both traded at parity with the U.S. dollar.