3 ms·
> People without both debt and assets aren't paying anything. Poor people without debt still pay because their buying power continually diminishes. Their $100
by Proziam 6y ago
> People without both debt and assets aren't paying anything.
Poor people without debt still pay because their buying power continually diminishes. Their $100 saved today isn't worth as much the next year.
Poor people without assets still pay. They are forced to pay rent to those who have assets. The rent will be priced to cover the debt of the asset owner.
> People with savings, and who own debt are the people who suffer from inflation.
People with savings most typically invest it. The higher the inflation, the riskier the investments they will take to ensure their savings don't dwindle away.