The assertion that inflation hurts the poor is often stated, but I haven't seen data supporting it. Real wage growth and inflation are linked, of course, but a

The assertion that inflation hurts the poor is often stated, but I haven't seen data supporting it. Real wage growth and inflation are linked, of course, but almost certainly not anti-correlated (high inflation => low or negative real wage growth) as you are suggesting. What data I could find that directly compared these actually suggests the opposite, that lower inflation tends to result in lower wage growth.[1] It's not clear what you mean by the "poor" here, but it's well understood the majority of Americans do not have significant savings (cash or other liquid assets). This federal reserve study[2] puts the percentage of American households that have <$400 at ~24%. 60% of households have <3 months of savings. When looking at just the bottom half of Americans, however, 40% have less than $400 saved and 76% have less than 3 months of savings. [1] https://www.stlouisfed.org/on-the-economy/2015/november/relationship-between-wage-growth-inflation https://www.stlouisfed.org/on-the-economy/2015/november/rela... [2] https://www.federalreserve.gov/econres/notes/feds-notes/assessing-families-liquid-savings-using-the-survey-of-consumer-finances-20181119.htm https://www.federalreserve.gov/econres/notes/feds-notes/asse...