3 ms·

7% is less than inflation so the real debt actually decreased

• eyphka 4y ago
  Sadly that's not how it works for the average household. Unless average household earnings go up, inflation hurts as many household debts are variable rates.
  • knapcio 4y ago
    In my opinion that average household is still a winner in long term as eventually rates will drop, average earnings will go up and the loan will already be devalued.