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The poor and creditors. The poor, because they have less discretionary income and it isn't inflating to cover their inflating necessary expenditures. The credit
by DFHippie 5y ago
The poor and creditors. The poor, because they have less discretionary income and it isn't inflating to cover their inflating necessary expenditures. The creditors, because their assets are depreciating. The debtors in the middle see their debt, the creditors' asset, deflating.
- Ericson2314 5y agowages counts in inflation. The poor may be better off or not based on what is stickier. We all know labor is weak, so we start expecting wages to rise last, but that is not what happened this time, for there was a genuine tightening of the labor market.
- justinator 5y agoI'm not worried about my bank, my credit card company, or my personal loan company - something tells me they'll come out of this OK, if history is any indication. If they don't, I'll be taken down many moons before them.