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> Inflation benefits people in debt And weighed by the amount of debt, those are mostly people rich enough to hire specialists for the tedious parts of using s
by usrusr 4y ago
> Inflation benefits people in debt
And weighed by the amount of debt, those are mostly people rich enough to hire specialists for the tedious parts of using some (most) of their assets as collateral for further investment. People living paycheck to paycheck, on maxed out credit cards, those are not the winners of inflation you are looking for.
- dougmwne 4y agoThose people have lots of debt in the form of home, car and student loans.
- usrusr 4y agoHardly more than few years of wages. And when inflation hits, those wages usually trail behind quite considerably. Some may still come out positive, but not by much. The winners of inflation are the leveraged investment class.