[agent008t]

I would argue that rich people have on average far, far more debt than poor people. Rich people also have far more ability to protect their assets from inflation than poor people.

With regards to "no one has their savings wiped out by inflation", tell that to, say, Russians in the early 90s. Very real and very significant savings in Sberbank turned to virtually nothing, i.e. wiped out, by inflation.

I would still argue that a higher unexpected inflation rate would hurt the poor the most, but may benefit middle class holding mortgages (although the more likely effect is that the negative effect on the overall economy would end up hurting everyone, with the poor being hurt the most).