Quote:
Originally Posted by bizaro86
The people who are benefitting are those who have lots of fixed rate debt. It doesn't seem like a big deal with $100 and $102, but if you owe $600,000 at a fixed rate and the money you pay back with is only worth the equivalent of $500k when you pay it back that's a pretty significant gain.
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That's assuming their wages are increasing to pay down that debt. With increased cost of living, they could just be incurring more debt.