Debtors only benefit from inflation if their pay actually goes up. If you were making $15/hour 1 year ago and still making $15/hour now, you just get fucked.
But rising wages and the threat of a wage-price spiral and the effect on debts is precisely why the Fed is indicating they're going to crash the economy.
> Consumer spending climbs sharply again — and not just because of inflation > Rising incomes partly cushion Americans against high inflation
https://www.marketwatch.com/story/consumer-spending-climbs-s...
But rising wages and the threat of a wage-price spiral and the effect on debts is precisely why the Fed is indicating they're going to crash the economy.