What does my money in “today’s value” mean? Why does StashAway use today’s value to compare my projected income and target income?
Your money in ‘today’s value’ refers to how much a dollar can buy you today, as we know that today’s dollar won’t have the same value as it will in 10, 20, or 30 years from now. To make it as easy as possible for you to conceptualise how much you’ll need in the future to afford the lifestyle you want, we’ve calculated how much income you’re projected to have in today’s value by accounting for inflation.