Make sure you are at least 35 years old and born in the United States. You must also have lived 14 years in America to run for President. (If you are not 35 yet, you can start planning early!). 1  There is no way around this. 2  No, Barack Obama was not born in Kenya.
What is 'Purchasing Power'. Purchasing power is the value of a currency expressed in terms of the amount of goods or services that one unit of money can buy. Purchasing power is important because, all else being equal, inflation decreases the amount of goods or services you would be able to purchase.
Purchasing Power. Purchasing power involves the connection between a dollar and the amount of or quality of the goods or services a consumer can purchase. As inflation constantly changes the value of a dollar, the purchasing power of the dollar goes up or down depending on whether inflation rises or falls. The price of average goods and services purchased by consumers changes from month to month. These tracked changes make up the Consumer Price Index.