Financial Focus: The Real Value of Money
Yes, it’s a loaded and subjective subject. The value of money means a lot of different things to a lot of different people. For example, If I said consumer spending is growing at four percent, as was announced by the federal government last week, does that mean we have more value in money? Or more money in our pocket? If I said to you gross domestic product is growing at 3.5 percent annually, as was reported last week, does that mean that you “feel rich”? Does this put more money in your pocket? President Donald Trump says, “Yes, our economy is
