[mrep]

Your standard office worker probably refinanced their mortgage at ~3% and is now laughing their way to the bank as their debt inflates away so they probably are profiting from it. I know I am.

Your standard retiree on the other hand who holds a lot of bonds that got absolutely hammered by inflation and rising interest rates is not doing so well.

[lupire]

That 3% rate was plowed into a property whose price was inflated by exactly the amount that the 3% rate discounted the cost of money.

[starfleet_bop]

That only works if you’re income rises faster than inflation, otherwise the relative amount of debt either remains the same or even increases.

[s1artibartfast]

Investment income absolutely has