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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

Travis McMillen is the senior media producer at the Donald W. Reynolds Journalism Institute. For KBIA, Travis oversees production of Views of the News and Radio Friends with Paul Pepper.
Paul Pepper has been a fixture on the mid-Missouri airwaves since 1969. He started hosting Radio Friends with Paul Pepper in 2009 after a remarkable 40-year on-air career at KOMU-TV.
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