4 ms·

> Inflation is hurting Americans This is a nuanced thing tbh. Anyone with a lot of debt (eg lots of student loan debt) actually benefits from inflation. Infl

• butlerm 5y ago
  Almost anyone with a wage, salary, or rate that doesn't trivially adjust is hurt by inflation - unless of course they have more than enough debt to make up for all of that.
• thehappypm 5y ago
  I’m not sure why you’re being downvoted because it’s true. I bought a house in 2021 with a 2.6% mortgage interest rate. Inflation is making my payment more affordable in real terms.
• matheusmoreira 5y ago
  Yes. Inflation hurts anyone trying to accumulate any amount money. They're better off spending it as soon as possible. Much harder to get rich by saving money now and it's not like corporations are in a rush to give matching raises to workers.
  • seoaeu 5y ago
    > Much harder to get rich by saving money now No one was getting rich by saving money with interest rates basically zero and the stock market posting record returns. > it's not like corporations are in a rush to give matching raises to workers. Inflation is nearly at a 50 year low. Corporations that want to fill their hiring targets are giving raises
    • maerF0x0 5y ago
      > Inflation is nearly at a 50 year low. I think this is a typo?
  • maerF0x0 5y ago
    > trying to accumulate any amount money. They're better off spending it as soon as possible. It sounds like you're suggesting people should spend it as soon as possible on depreciating things. That being said in an inflationary environment assets will retain most or all of their base price. So you don't have to buy things that are a waste. You just have to buy assets.