this post was submitted on 24 Dec 2023
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[–] assassin_aragorn@lemmy.world -2 points 10 months ago (2 children)

Isn't inflation good for consumers? Deflation means what you already have becomes more valuable -- so the rich would gain a significant boost to their finances since they already have so much. Inflation though would mean they lose a significant amount, and it becomes easier for the working class to break into the rich people bubble.

[–] fromaj_debite@lemmy.world 16 points 10 months ago

Only if salary go up

[–] Furbag@lemmy.world 8 points 10 months ago

No, it just means everybody can buy less with the same amount of money. If you're broke, you're still going to be broke at high inflation, and it'll hurt a lot worse.