GOBankingRates works with many financial advertisers to showcase their products and services to our audiences.
These brands compensate us to advertise their products in ads across our site.
This compensation may impact how and where products appear on this site.
Commitment to Our Readers
GOBankingRates' editorial team is committed to bringing you unbiased reviews and information.
you’re free to read more about oureditorial guidelinesand our products and servicesreview methodology.
If you have $1, you have $1, right?
Thus a dollar is really a measure of purchasing power.
But within our borders, we havent seen things fail to revert to a relative norm in decades.
Another impact that may not be as obvious is the impact it has on savings accounts.
Money in your savings account could be losing value, particularly if interest rates arent keeping up.
He recommended people keep some funds liquid and earning interest in a high-yield savings account.
However, Razon said he doesnt think a 50% devaluation scenario is realistic.
Some estimates have the US effective tariff rate rising to its highest level in more than 100 years.
Financial markets worldwide, especially equity markets, have reacted negatively to the tariff increases announced on April 2.
More From GOBankingRates
Share This Article:
The Latest inMoney
