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It is good to not be beholden to a loan, however, it can be very much in your financial benefit to do so. Money is being inflated away -- anything you borrow is
by rfd4sgmk8u 5y ago
It is good to not be beholden to a loan, however, it can be very much in your financial benefit to do so. Money is being inflated away -- anything you borrow is cheaper to pay back in the future. The next best thing you can do is to not save in cash, save in assets.
- silexia 5y agoI agree that most likely inflation will reduce the real cost of debt. However, this is a decision that will be made by political policymakers and they are sometimes unpredictable. The downside of going underwater is much worse to me personally than the upside of having some debt disappear.
- abdabab 5y agoThis is only true if your income rises with time. Wage growth has been stagnant for decades for most Americans.