4 ms·
It probably will, but don't discount the power of inflation. Maybe it's time for your country to experience inflation at last - it's been mostly immune because
by GFischer 16y ago
It probably will, but don't discount the power of inflation.
Maybe it's time for your country to experience inflation at last - it's been mostly immune because it's the world currency, but your government has been spending like mad. (sorry, was thinking about the US, but I guess it applies to Australia too !!)
I've seen HUGE inflation rates in my country, so while I also think a million will still be a lot of money in 15 years, it's not a foolproof bet.
That said, the spirit of the question is understood (it's not about an arbitrary sum of money, it's about being wealthy enough to pursue other things).
- hugh3 16y agoWhile there's been some noise from the opposition about government spending in Australia, the problem isn't nearly as bad as in the US. (And I say that as no fan of the Rudd government.)