buying power

In South Korea, earthquake panic has been cited as a reason for the cheapness of flights to Japan compared with last year, although industry experts have said that there are other factors at play: increased competition between airlines and a stronger yen that reduces the buying power of South Korean tourists.

But the credit hit to the nation’s buying power plays out in a thousand closed-door conference rooms too.

Most obviously, the hit is to the United States’ credit itself: its financial security and buying power.

“The smaller campuses don’t have the buying power and resources for this, so this is really a matter of equity and getting this in the hands of all students regardless of the campus they go to,” she said.

For context, $100 in January 2014 had equal buying power as $109.69 in July 2019, an increase just shy of 10%.