Dollar's Purchasing Power Plummets by 97% Since 1913

According to Ethan Collins of Whale Insider, the U.S. dollar has suffered significant losses in its purchasing power since the Federal Reserve's founding in 1913.

The data indicates that the dollar has lost a staggering 97% of its value over this period.

This decline in purchasing power raises questions about the long-term sustainability and reliability of the U.S. dollar as a global reserve currency.