Wages are supposed to inflate as well, which people don't account for. Obviously that doesn't always happen which is a real issue, and there are better ways to manage the economy than moving the interest rate/inflation lever back and forth, but it isn't inherently bad, like you said.
What if someone doesn't have debt? What if inflation just means they're paying 20% more for groceries and 20% more for rent and 50% more for gasoline? What about those who are on a fixed income?
Inflation is a real problem from my perspective, although I'm glad if it leads to student loans being easier to pay off.
according to Northwestern Mutual’s 2018 Planning & Progress Study, which also reports that “fewer people said they carry ‘no debt’ this year compared to 2017 (23 percent vs. 27 percent).”
inflation isn't even a real problem it makes debt less of an issue
Wages are supposed to inflate as well, which people don't account for. Obviously that doesn't always happen which is a real issue, and there are better ways to manage the economy than moving the interest rate/inflation lever back and forth, but it isn't inherently bad, like you said.
Yeah people talk about it like it's something unequivocally bad rather than a nuanced issue
What if someone doesn't have debt? What if inflation just means they're paying 20% more for groceries and 20% more for rent and 50% more for gasoline? What about those who are on a fixed income?
Inflation is a real problem from my perspective, although I'm glad if it leads to student loans being easier to pay off.
Who tf doesnt have debt? Lmao
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It's difficult to pin down exact numbers.
( https://www.cnbc.com/2018/08/20/how-much-debt-americans-have-at-every-age.html )
A website called shift processing seems to agree with these numbers, saying:
https://shiftprocessing.com/american-debt/
So you definitely have a point that most people have debts
Weird that they don't include mortgage debt. Everyone has it but that doesn't make it not debt
Who tf can afford a mortgage? Lmao
True
It's bad for some people good for others. Same as a lack of inflation. Inflation helps exports but harms imports.