financial erosion

The gradual conversion of your wealth and possessions to the government, through taxes, inflation and unjust laws.

Due to financial erosion, I opted to not maintain my property while I scrape up the cash to pay the property taxes.

by Stephan Smolka January 06, 2009

financial erosion

The loss of wealth due to stock market prices dropping or investment bank's administrative costs

My retirement nest egg slipped away due to financial erosion.

by dddddjlsjlfjsljljsjlksjd October 05, 2016