Track_Shovel@slrpnk.net to 196@lemmy.blahaj.zoneEnglish · 2 years agoInflation ruleslrpnk.netexternal-linkmessage-square7linkfedilinkarrow-up11arrow-down10
arrow-up11arrow-down1external-linkInflation ruleslrpnk.netTrack_Shovel@slrpnk.net to 196@lemmy.blahaj.zoneEnglish · 2 years agomessage-square7linkfedilink
minus-squareBarbecueCowboy@lemmy.worldlinkfedilinkEnglisharrow-up0·2 years agoIf your net worth is negative, in 9 years it’s only half as negative.
minus-squareToribor@corndog.sociallinkfedilinkEnglisharrow-up0·2 years agoGenerally when inflation is high it makes debts with a fixed interest less of a burden because the real value of that debt decreases over time. So if you’re heavily in debt inflation can be helpful in some regards.
If your net worth is negative, in 9 years it’s only half as negative.
Generally when inflation is high it makes debts with a fixed interest less of a burden because the real value of that debt decreases over time. So if you’re heavily in debt inflation can be helpful in some regards.