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I would say the inflation hurts middle class significantly more -- they at least have some savings/money. However, if you are poor you would have more debt\les
by shadowpho 4y ago
I would say the inflation hurts middle class significantly more -- they at least have some savings/money.
However, if you are poor you would have more debt\less savings. As such a recession would be worse -- especially as it leads to less jobs and lost jobs.