Spin

If you'd like to read the article: https://www.cnn.com/2021/12/01/economy/inflation-good-bad-winners-losers/index.html

The upside: if you own a house on a 30 year mortgage, that mortgage payment doesn't increase based on inflation. That's literally it.

the downside: wages rarely track with inflation, and certainly don't do so in real-time. So, the government depts expected an increase of 1.1% and what we got was a 1.7% increase in the inflation rate. It will be a couple of years before regular Americans see a wage increase to match the inflation rates, and realistically they won't see that wage increase unless they switch companies.

The "rich losers": houses at more than $1 million income invest in government bonds. With inflation, those bonds decrease slightly in value IN 10 OR 30 YEARS.

Oh, boohoo for the rich people. Their investment in government bonds will return SLIGHTLY LESS MONEY a decade from now.

I'm f**king sobbing over here with how terrible that is.

Just look up Cantillon Effect if you want to see how inflation actually advantages the most connected individuals and corporations and disadvantages the already poor.

Also profiting from a long-dated mortgage during inflation only works in theory.
Confronted with rising living costs and surging energy prices people will be hard pressed to pay off their installments and may easily lose their estate if they default a payment due.

economics trickle up when the poor and middle class get squeezed by the rich

economics trickle down when the poor and middle class squeeze the rich