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Inflation doesn't mean income goes up (unless your job contract guarantees inflationary increases), it means prices increase. So while his mortgage may be fixe
by dpapathanasiou 19y ago
Inflation doesn't mean income goes up (unless your job contract guarantees inflationary increases), it means prices increase.
So while his mortgage may be fixed, the prices of all other things will increase, while (more than likely) his income will stay flat.
It's not a recipe for eliminating debt, so he shouldn't be cheering that scenario.
- ivankirigin 19y agoWhy would my income stay flat in the mid term? Yes, prices would increase, which would be bad. I'm not sure if I'd end up on top on balance.