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this post was submitted on 03 Aug 2026
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ASSUMING your salary goes up with inflation, which is the idea...
You bought a house with 2026 money.
You're still paying that same mortgage with 2046 money.
20 years of inflation, but your debt remains the same (as you pay it off)
If everything is functioning as intended, inflation encourages debt and spending, which drives the economy.
Ok, but your assumption is demonstrably untrue on average for about the last 50 years or so.