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It only benefits borrowers with outstanding loans, created prior to the inflationary period. Most of what would be considered the millennial generation most lik
by pram 7y ago
It only benefits borrowers with outstanding loans, created prior to the inflationary period. Most of what would be considered the millennial generation most likely didn’t buy houses and such prior to the recession and the start of quantitative easing etc.
- wahern 7y agos/housing/college/ Millennials would benefit from higher inflation, so long as that inflation was reflected in wages.
- blevo 7y agowages seem to be the last thing that rise with general inflation, and as such don't rise as much as other prices, especially the ones mentioned: housing, schooling. I think the data bears this out, looking at 'real wages' vs inflation-adjusted cost of housing/schooling. I could see how other sorts of stimulus would be preferable in this case though. All depends on who gets the benefit of spending new money on old prices. Going back a comment, it depends on if you got into the loan (school, house) before the inflation. Or locked in a low rate. Always nice to pay back money that's worth much less.