Re:87.4% of population experienced a decline in freedom from...
by ffsm8 on Friday December 27, 2024 @04:38PM
(#42526281)
Technically true but highly misleading
the borrowers that just have a mortgage for their own house while working for a paycheck don't really benefit from it. Sure, their debt has been reduced, but their wage too. And inflation is generally lower then interest, so that benefit gets wiped too.
The by far biggest winners with inflation are the people that own a lot of assets.
the borrowers that just have a mortgage for their own house while working for a paycheck don't really benefit from it. Sure, their debt has been reduced, but their wage too. And inflation is generally lower then interest, so that benefit gets wiped too.
The by far biggest winners with inflation are the people that own a lot of assets.