Purchase power is a measure of what your money can buy - here's how it can impact your finances

Sep 16 2021 by Business Insider

 
Purchase power can play an important role in national and local policymaking.

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Purchasing power refers to how much you can buy with a unit of currency, such as a dollar. If your purchasing power drops, your money may become less valuable or useful over time. Inflation impacts purchasing power, but changing wages can also impact your finances. Visit Insider's Investing Reference library for more stories.

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