Paul Pepper: 'Foolish Corner' Author John Howe, "Money Illusion"
Have you heard of the Rule of 72? JOHN HOWE, author and professor of finance at MU's Trulaske College of Business, tells us how this common formula is used to determine your future purchasing power. And the so-called "money illusion"? John says that's when you see your salary go up 3% but inflation goes up 5%. "You're actually worse off." July 1, 2021