>>Wealthy people are the debt holders. Don't be their bag carrier. Source for this? Wealthy people invest in assets that also go up with inflation. Sure they

>>Wealthy people are the debt holders. Don't be their bag carrier. Source for this? Wealthy people invest in assets that also go up with inflation. Sure they may have some debt assets but I bet that is not the large part of their portfolio however neither of you are really correct. Inflation hurts the middle class the most. Wealthy have diverse portfolio's that factor in inflation, the poor are most likely debt ridden and live paycheck to paycheck, with inflation your debt becomes less expensive The middle class however often have the most cash assets in traditional savings accounts, they also are in that sweet spot of not living paycheck to paycheck but not really having enough money to have a large diverse investment portfolio Inflation is a tax on savings, anyone that has savings is hurt by inflation that normally is the Middle Class