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It does hurt the poor. The poor pay more for goods and services, and they don't have much cushion to begin with. Inflation definitely helps those in debt, as
by wing-_-nuts 5y ago
It does hurt the poor. The poor pay more for goods and services, and they don't have much cushion to begin with. Inflation definitely helps those in debt, as you're now paying down your mortgage or car loan with dollars that are worth less. People with lots of debt are not necessarily 'poor'. They use debt as leverage. Either directly or indirectly.