Isn’t inflation good for consumers? Deflation means what you already have becomes more valuable – so the rich would gain a significant boost to their finances since they already have so much. Inflation though would mean they lose a significant amount, and it becomes easier for the working class to break into the rich people bubble.
No, it just means everybody can buy less with the same amount of money. If you’re broke, you’re still going to be broke at high inflation, and it’ll hurt a lot worse.
Isn’t inflation good for consumers? Deflation means what you already have becomes more valuable – so the rich would gain a significant boost to their finances since they already have so much. Inflation though would mean they lose a significant amount, and it becomes easier for the working class to break into the rich people bubble.
Only if salary go up
No, it just means everybody can buy less with the same amount of money. If you’re broke, you’re still going to be broke at high inflation, and it’ll hurt a lot worse.