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‘Hidden tax’ on Americans as US dollar drops 10% — why your money buys less and how to protect your portfolio
Key takeaways
- The U.S. dollar has fallen roughly 10% against major global currencies since Donald Trump returned to office, marking one of the steepest six-month declines in over 50 years (1).
- Economist and research fellow of the American Institute for Economic Research, Thomas Savidge, told ABC News, "It's kind of a hidden tax.
- Thanks to Jeff Bezos, you can now become a landlord for as little as $100 — and no, you don't have to deal with tenants or fix freezers.
The U.S. dollar has fallen roughly 10% against major global currencies since Donald Trump returned to office, marking one of the steepest six-month declines in over 50 years (1).
Economist and research fellow of the American Institute for Economic Research, Thomas Savidge, told ABC News, "It's kind of a hidden tax. What your dollar is going to be able to buy is going to shrink."
Thanks to Jeff Bezos, you can now become a landlord for as little as $100 — and no, you don't have to deal with tenants or fix freezers. Here's how
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