Track_Shovel@slrpnk.net to 196@lemmy.blahaj.zoneEnglish · 5 months agoInflation ruleslrpnk.netimagemessage-square7fedilinkarrow-up11arrow-down10
arrow-up11arrow-down1imageInflation ruleslrpnk.netTrack_Shovel@slrpnk.net to 196@lemmy.blahaj.zoneEnglish · 5 months agomessage-square7fedilink
minus-squareBarbecueCowboy@lemmy.worldlinkfedilinkEnglisharrow-up0·5 months agoIf your net worth is negative, in 9 years it’s only half as negative.
minus-squareToribor@corndog.sociallinkfedilinkEnglisharrow-up0·5 months 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.