The actual thing that determines whether someone gains or loses from inflation is: are they a net debtor or lender?
Donald Trump has “money” but may actually benefit from from inflation if he’s so highly leveraged that his net worth is negative. A relatively poor retired couple with no debt may be worse off, because they borrow no money and pay for everything with cash.
The actual thing that determines whether someone gains or loses from inflation is: are they a net debtor or lender?
Donald Trump has “money” but may actually benefit from from inflation if he’s so highly leveraged that his net worth is negative. A relatively poor retired couple with no debt may be worse off, because they borrow no money and pay for everything with cash.