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Andrew Ackerman: Rising costs erode value of $1 million in U.S.

Andrew Ackerman: Rising costs erode value of $1 million in U.S.
Rising costs shrink $1 million value

$1 million today is worth about as much as $480,000 was 30 years ago, as shown by Bureau of Labor Statistics data.

Andrew Ackerman highlights how rising costs have diminished the purchasing power of $1 million over the past three decades, according to this analysis.

Ackerman has recently reported that hundreds of laptops at the U.S. Federal Reserve remained uninventoried until March 2025. He also cited a survey of 28 ex-Fed officials finding most expect no rate cuts this year. His recent analyses track changes across both consumer spending and central bank operations.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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