4 ms·
This is a BS talking point. Inflation screws people who's money comes from wages and who's wages are inflated slower than inflation increases costs (which is a
by throwaway0a5e 5y ago
This is a BS talking point.
Inflation screws people who's money comes from wages and who's wages are inflated slower than inflation increases costs (which is always how it goes down) and living paycheck to paycheck turns into having to choose what bills to pay. Your ability to buy assets (which increase with inflation) is also depreciated so there's little hope of weathering it unscathed.
The people helped by inflation are the people with marketable skills and the opportunity to job hop who also happen to be using debt to live right up to the limit of their means and who can afford to buy assets (stocks, a home, etc). Statistically these people are highly over-represented on HN vs the population as a whole.