If £1 is £1 how does the value of it change? It’s still 100p so shouldn’t there be a set conversion rate? I don’t understand how the VALUE of it changes.
In: Other
When my grandfather bought his first house it cost £90.
When my father bought his first house it cost £9000.
When I bought my first house it cost £350,000.
Prices constantly rising means the buying power of £1 changes. Which means as time goes on, you need more to afford the same thing.
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