[blitzar]

> "inflation helps people in debt and the poor are in debt"

Inflation helps with your debt when 1) there is asset backing the debt, in which case it is really leverage that you are getting or 2) if the debt is unsecured, the income servicing the debt would need to be subject to the inflation to reduce the burdeon.

Inflation has occured in assets but not so much in incomes.

[mywittyname]

But inflation also causes the underlying assets to increase, usually at rates far beyond average inflation.

Yeah, the real cost of a mortgage will go down slightly over time. But the biggest benefits to getting a mortgage is to establish a cost basis which is no longer fixed to the cost of housing in a region (which can go up faster than inflation/wages).

Unsecured debt often has interest rates well beyond inflation, unless subsidized. So there's no win for consumers there.