But wages haven't risen. It's the exact reason why so many places are "struggling" to find people: the fucking people don't want to work at the same wage from 5 years ago.

Wages are rising at the fastest rate that's been seen since measurement began in the 50s. Yes, it is offset by the decline in wages from last year, but there is continuing upward pressure on wages.

https://tradingeconomics.com/united-states/wage-growth

No idea why this is downvoted. Its true - inflation can be good for those who carry large debts.

You better have fixed rates. It isn’t going to help lower income people who are more likely to have credit card debt or variable rate mortgages.

Fixed rates are the standard for mortgages and car loans.

An outcome of the Great Financial Crisis was a move away from ARMs through a rise in rates and in income levels necessary to qualify for them. Plus, banks prefer fixed rates in a declining rate environment (basically the past 10 or so years.).

But yeah, credit card debt is never good.

Most low income people are already paying near their maximum legal rate on credit cards.

But then future loans will be at a higher interest rate?

Which puts downward pressure on prices for things you buy with credit. And then you can refinance later so it's a wash.

The problem you hit along the way is that people get screwed out of any ability to save money toward a down payment on anything as their wages lag the increased price of everything that they need to spend those wages on.

Inflation is usually accompanied by increased interest rates.

sure. they wont though.

that assumes peoples incomes are increasing