If you have substantial savings, you are not poor. "The poor" generally is in debt. As are states. And that debt in turn forms part of the assets held by the rich.
Re:10 years of whatever this has been
by throwaway248329 on Thursday November 18, 2021 @06:09AM
(#29264177)
The rich are also in debt, because the debt is cheap, especially if you're already rich. So inflation benefits the rich not only by increasing the value of their assets but also by wiping out their debt.
Meanwhile the poor has its savings eroded, their paychecks have less and less buying power and they are forced to negotiate to get a raise to simply stop becoming poorer.