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Doesn't inflation mean that nominal debt is less painful to hold? ie I go $100k into debt for a degree, but 5 years down the line that $100k only has $50k buyin
by go_blue_13 5y ago
Doesn't inflation mean that nominal debt is less painful to hold? ie I go $100k into debt for a degree, but 5 years down the line that $100k only has $50k buying power (in original year terms), so its easier to pay off?
- eindiran 5y agoYes inflation does mean exactly that, but maybe OP meant interest rates (which I believe have been trending up of late).