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The poorest members of society are not disproportionately indebted: they don’t have mortgages or student loans like the middle class.

• oarsinsync 8y ago
  The interest rates on their debt is generally higher than inflation, so they're still losing, just losing fractionally less than they were before. Those without without debt are also losing, less than those with debt, but still losing. Only people winning are the people with enough spare capital to 'participate'
  • chii 8y ago
    the interest on debt will take into account inflation, so as a poor individual with debt, inflation doesn't help you.
    • ForHackernews 8y ago
      All interest everywhere "takes into account" inflation, which is part of why I don't get how anyone gets so worked up about it.