It would be really good for me and people like me.
I have a mortgage that's taking a huge chunk out of my income and will do for the next 20 years while I'd get about half what I paid if I sold the house now.
Inflation would be bad for the people living off their savings, generally the elderly.
But then I think they in turn benefitted from an inter-generational wealth transfer in the 70s when there was double digit inflation for most of the decade.
It would be really good for me and people like me. I have a mortgage that's taking a huge chunk out of my income and will do for the next 20 years while I'd get about half what I paid if I sold the house now.
Inflation would be bad for the people living off their savings, generally the elderly.
But then I think they in turn benefitted from an inter-generational wealth transfer in the 70s when there was double digit inflation for most of the decade.