For those with some savings, you also need to understand how to get into inflation-resistant investments if you want to not be pinched by savings. Otherwise thi

For those with some savings, you also need to understand how to get into inflation-resistant investments if you want to not be pinched by savings. Otherwise this spiral of increasing wages makes your prior savings irrelevant. On the other hand, those with some debt need the financial wisdom to use their spiraling wages to pay down debt principal and not let the debt spiral due to increasing interest rates. So, high inflation can be a kind of continuous cash debt/savings jubilee, resetting small-time debtors and savers to living hand-to-mouth as it erases their cash history. But it can accelerate the gap between the worst debtors and the biggest investors who are on opposite sides of the spiral...