The Economics of a Dollar, Sort Of
What is a dollar really worth? Don’t look at this from a national prespective, think of it in a local or regional prespective. Meaning, what do you get for a dollar where you live? It doesn’t do you much good if the dollar has a higher value in Florida, if you live in New York.
The attached article clearly defines the New York value of a dollar at $76.20.
Shocking, maybe. The chart looks at all factors of daily living, compare your costs and go from there. Interesting enough are the lifestyle choices we all make. Depending where you decide to live, your lifestyle, disposable income, long term retirement goals, there are real issues around your future expectations on personal finances, assets or your lifestlye. Thinka about how you want to live in the future, how much money it will take and can you afford to stay living where you are or will you have to relocate?


