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2 months agoSo for example after covid when inflation went high. Generally rich people got more rich on average.


So for example after covid when inflation went high. Generally rich people got more rich on average.


If you have debt, like owning a house on a loan. Or a company or whatever. And your debt is greater than your wealth(equity).
Then inflation makes you richer. Since your debt gets less worth while for example your house very often does get even more Worth.
Now if you have more money invested in stuff that most of the time has (much)better return than inflation. You still get richer.
Excellent Video that explains why we need those baggers
In a legal setting even those long numbers are still spelled out in contracts in many jurisdictions.