Retiredmajor
Recycles dryer sheets
I'm reading about inflation and the inflation rate, and it seems to me that inflation will hit different demographic groups differently. For instance, if you have a locked in mortgage rate or your house is paid off, then inflation won't have the same impact that it will on a renter or someone with a variable mortgage rate. But, housing is included in the "bucket" that helps the Government estimate the overall inflation rate.
So, if your home is paid off, cars are paid off, no Credit card debt, etc, etc. how can we estimate the real impact of inflation? I know inflation will impact food costs, repair costs, insurance rates and many other products and services, but I'm thinking the impact of inflation is reduced for a lot of folks like us.
Your thoughts?
Major
So, if your home is paid off, cars are paid off, no Credit card debt, etc, etc. how can we estimate the real impact of inflation? I know inflation will impact food costs, repair costs, insurance rates and many other products and services, but I'm thinking the impact of inflation is reduced for a lot of folks like us.
Your thoughts?
Major