[mlthoughts2018]

Inflation is faster in some urban centers though, so fixed interest rates are disproportionately bad for those urban dwellers. While that interest rate might grow your larger starting pile of money faster than it grows someone’s money in rural Nebraska, the gains are eroded more quickly so they don’t translate to purchasing power.

In those cities, your money has to grow fast or the loss of purchasing power is huge.

So I wouldn’t say nationwide interest rates are definitely an advantage for people with bigger starting piles of money in urban areas. It’s complicated.