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No it doesn’t, most of the wealthy do not keep large sums of cash on hand, it’s invested in other assets that grow with inflation.
by xwdv 5y ago
No it doesn’t, most of the wealthy do not keep large sums of cash on hand, it’s invested in other assets that grow with inflation.
- deleted 5y ago[deleted]
- dnautics 5y agoThe wealthy are also the hands into which the printed money goes, and it also makes the real cost of leveraged investments lower. Triple threat!
- imtringued 5y agoMost of them keep 10% of their portfolios in cash or treasury bonds.
- rsj_hn 5y agoWhen inflation is low, yes. But as inflation goes up, interest rates will increase to fight it while at the same time, households reallocate their wealth.