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Do people in debt benefit from inflation 2024?

Ethan Anderson | 2023-05-07 11:14:57 | page views：1405
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Alexander Turner

Works at Apple, Lives in Cupertino, CA
If wages increase with inflation, and if the borrower already owed money before the inflation occurred, the inflation benefits the borrower. ... This results in less interest for the lender if the borrower uses the extra money to pay his or her debt early.
2023-05-08 11:14:57
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Oliver Allen

QuesHub.com delivers expert answers and knowledge to you.
If wages increase with inflation, and if the borrower already owed money before the inflation occurred, the inflation benefits the borrower. ... This results in less interest for the lender if the borrower uses the extra money to pay his or her debt early.
Does inflation favor lenders or borrowers? | Investopedia
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