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However, fast forwarding to 2025, the value of those checks has significantly diminished due toinflation.
And what does this say aboutthe current state of the economy and inflation?
That means a $1,200 check from 2020 has the purchasing power of less than $1,000 in 2025.
Similarly, the $600 and $1,400 checks from 2021 have also lost value when adjusted for inflation.
Chen explained, Essentials such as insurance, housing and healthcare have increased more quickly than pay.
The psychological and financial impact of inflation has left many feeling worse off despite economic growth.
Making money work through smart investing can help preserve and even enhance financial security.
The Bigger Economic Picture
The diminished value of pandemic stimulus checks underscores broader economic trends.
Financial planning and investment are essential in protecting purchasing power against the forces of time and inflation.
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