> Most of the poor and middle (spare me the lecture about how someone grossing 200k+ is middle because they're unwilling to suffer a longer commute or live wher

> Most of the poor and middle (spare me the lecture about how someone grossing 200k+ is middle because they're unwilling to suffer a longer commute or live where the schools are slightly worse) don't have a mortgage on a house. Please spare us the strawmen you're fighting in your head. Most US households own their own home (65+%). The vast majority of households with incomes above the median own their own home (79.4%) and even the majority of households BELOW the median own their own home (51.8%)[1]. So I'd also like you to spare us your made up evidence. > Student debt is a thing but the amounts and repayment rates are so low nobody was hurting that much anyway (the guy who's 60k in the red for a journalism degree is not in any way typical). Average student loan debt for a new grad is ~$30k. Hardly trivial. > Even with stupidly high inflation a car loan will never make you money because you can't liquidate because you'd need to buy back in. Is your belief that inflation is good for debt holders because they can earn money on the assets that back up the debt? The point is that debt is denominated in nominal dollars. 1: https://www.census.gov/housing/hvs/files/currenthvspress.pdf https://www.census.gov/housing/hvs/files/currenthvspress.pdf