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> has to pay rent or make mortgage payments. One of these things is not like the others. Inflation benefits debtors at the expense of creditors. If I owe $500,
by ForHackernews 6y ago
> has to pay rent or make mortgage payments.
One of these things is not like the others. Inflation benefits debtors at the expense of creditors. If I owe $500,000 on a fixed-rate mortgage, I'm thrilled to see inflation because it makes my debt cheaper to pay off.
- ric2b 6y agoOnly if your wages rise accordingly. And don't forget that your taxes are going up as well unless tax brackets are adjusted for inflation.