4 ms·
s/housing/college/ Millennials would benefit from higher inflation, so long as that inflation was reflected in wages.
by wahern 7y ago
s/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.