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69% of Americans have less than $1,000 in savings. If you are in debt inflation is a benefit to you so long as your wages keep pace with inflation.
by pmorici 9y ago
69% of Americans have less than $1,000 in savings. If you are in debt inflation is a benefit to you so long as your wages keep pace with inflation.
- dropit_sphere 9y ago>so long as your wages keep pace with inflation. That's a big if, though, depending on your (or "you" in aggregate) market power. And if you've got less than $1K in savings, you probably don't have a lot.