Hacker News new | ask | show | jobs
by kenpomeroy 2957 days ago
Inflation hurts the poor far more than the rich. Rich people invest their money rather than simply holding cash and losing value through inflation. Poor people have no choice but to keep their money in cash. Also, wage increases are often much slower than the rate of inflation.
1 comments

Poor people don't keep cash, they spend it on living expenses almost immediately.