I think people experience rising prices as inflation, but rising wages as a result of their own hard work. Thus, “inflation” feels bad, even if it actually benefits you. Also, wages are stickier than prices, so even if overall wages are rising your own personal wage might not rise smoothly along.
Also, if your debt is variable-interest, then inflation doesn’t necessarily benefit you. It only benefits you if you have fixed-interest debt.
Ah, so it is. I have no idea how American student debt works with regards to inflation. I assumed it was fixed. If not, then it is much worse than I assumed (and I already assumed it was quite bad).
Scrolling down… the table of how important are individual topics for young people; “student debt” is at its very bottom.
(Also, inflation on the very top? But isn’t inflation a good thing if all you have is an enormous debt?)
I think people experience rising prices as inflation, but rising wages as a result of their own hard work. Thus, “inflation” feels bad, even if it actually benefits you. Also, wages are stickier than prices, so even if overall wages are rising your own personal wage might not rise smoothly along.
Also, if your debt is variable-interest, then inflation doesn’t necessarily benefit you. It only benefits you if you have fixed-interest debt.
Ah, so it is. I have no idea how American student debt works with regards to inflation. I assumed it was fixed. If not, then it is much worse than I assumed (and I already assumed it was quite bad).
Oh, I wasn’t saying that student debt is variable interest, just making a point about debt and inflation in general.