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The rich have large leveraged loans, mortgages, and lots of assets - ideally situated to benefit from inflation and are not impacted by the price of food or ren
by grey-area 5y ago
The rich have large leveraged loans, mortgages, and lots of assets - ideally situated to benefit from inflation and are not impacted by the price of food or rents.
In contrast the poor typically have small loans, rents and rely on wage inflation, which usually trails price inflation by some way.