> Wouldn't inflation hurt people with a lot of cash savings, the most? Almost no one with a vast amount of wealth keeps their wealth in cash. > Also, Wouldn't

> Wouldn't inflation hurt people with a lot of cash savings, the most? Almost no one with a vast amount of wealth keeps their wealth in cash. > Also, Wouldn't people with a lot of debt welcome inflation. Don't poor people tend to have the most amount of debt relative to their networth? Not necessarily. The poorest households hold less than their fair share of mortgage debt, but they hold more than their share of consumer debt. The bottom half of households by wealth hold almost 54% of consumer debt. Consumer debt includes credit cards, student loans and car loans. That distribution isn’t a surprise, either [0]. If you rely on debt for every day purchases (credit card revolving debt), higher prices don't help you out. If you have inflation in the form of home valuations and you own a home (perhaps w/ a mortgage), you're better off in that regard > Isn't their a student debt crisis, that can be helped out by inflation. Inflation doesn't necessarily mean your salary goes up. Salaries for low wage workers is fairly sticky. > The only people I really see getting hurt by inflation are those hoarding cash, which there is a ton of ways to put that money to work. You can buy fractional stocks for less then a dollar. If you're on a fixed salary, or your salary doesn't go up by at least the inflation amount you're worse off. And if you have a large percentage of your income go to pay for every day living expenses, you're also worse off. The dollar value is predictable until it's not. There are plenty of examples of hyperinflation that turned a country on its head. [0] https://www.barrons.com/articles/rich-borrow-mortgates-consumer-debt-credit-cards-federal-reserve-fred-51573509617 https://www.barrons.com/articles/rich-borrow-mortgates-consu...