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Inflation can hurts pretty badly pensions though, so it's not only a rich vs poor thing. And also inflation is not uniform and depending on its composition can
by mijamo 7y ago
Inflation can hurts pretty badly pensions though, so it's not only a rich vs poor thing.
And also inflation is not uniform and depending on its composition can hurt poor people much worse than rich ones.
Historically I haven't found any clue that a higher inflation would help against inequalities. Actually the only literature I have found on the topic seems to indicate a positive correlation between inequalities and inflation but the relation between both seem very complex and not really understood/modeled correctly right now.
- leetcrew 7y ago> Inflation can hurts pretty badly pensions though, so it's not only a rich vs poor thing. all the more reason to keep moving away from defined benefit plans.