I don't have any data either way, but these statements felt wrong. > If you hold purchases stable, incomes have to go up with prices because every price someon

I don't have any data either way, but these statements felt wrong. > If you hold purchases stable, incomes have to go up with prices because every price someone pays is also a price someone gets paid. Assuming that is true, that doesn't mean that poor people's income grows. Maybe it just further consolidates income and wealth on the other end of the socioeconomic spectrum. > They're in the opposite position, statistically, where the losses to purchasing power from savings is outweighed by the gains from the reduction of debt. Poor people likely do not have meaningful savings so it's their very fixed incomes that is losing purchasing power, and their debts are often short term instruments that will compound the problem. Speaking of inflation and savings and the poor, there is an episode of the late 1970's tv show "Good Times" where the family encounters a windfall, and one of the kids asks the dad what they should do with it, and the dad replied, and I'm paraphrasing, "We better spend it right away [perhaps on durable goods], becuase tomorrow it won't be worth anything." Having lived all of my life with relatively low inflation rates, as I child, I just assumed, as a comedy, it was just highlighting the foolish short-sighted decision making of the poor. Later in life I now appreciate what a powerfully poignant economic anecdote that scene represents. Does anyone happen to know which one that was? Now that I'm thinking about it, I can't think of any modern TV shows that come close to depicting the lifestyles of poor people as "Good Times" did.