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But isn’t this assuming your pay increases at the rate of inflation? If your pay doesn’t increase then you don’t get any benefit of high inflation against your
by chasd00 4y ago
But isn’t this assuming your pay increases at the rate of inflation? If your pay doesn’t increase then you don’t get any benefit of high inflation against your debt.
- carom 4y agoOr the asset you bought with that debt, as real estate has normally kept pace with inflation. Or stocks. Both might see temporary shocks though.