I've worked as a banker and both my parents were bankers as well, so I guess if we want to compare anecdotes about rich people we can do that all day. At the en

I've worked as a banker and both my parents were bankers as well, so I guess if we want to compare anecdotes about rich people we can do that all day. At the end of that day you'd be suprised how many rich people will keep a large portion of their money in FDIC backed accounts, such as time deposits (CDs), or money markets. Many rich people are older and more concerned about asset protection vs. asset appreciation. It doesn't matter though, because inflation takes a bite out of ALL investments. Even if a person is at 0 debt they lose little compared the person that is losing thousands due to inflation. Perhaps it would be better if we argued the converse. In a deflationary scenario money is consistently worth more and more. People that have a lot just get inherently richer even if it's sitting under their mattress. Credit of any kind is harder to obtain, and costs more. What does the "generically poor" person gain in this scenario?