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.
Inflation is a decline in the value of money in relation to the goods that it can buy and is a pervasive economic phenomenon. It is so pervasive that it is very difficult to compare this year s prices to last year s, much less compare prices over decades. Here is a graph of the buying power of $1.00 since 1938: