no banana@lemmy.world to Lemmy Shitpost@lemmy.world · 2 months agoUber Eats or something idklemmy.worldimagemessage-square94fedilinkarrow-up1620arrow-down153
arrow-up1567arrow-down1imageUber Eats or something idklemmy.worldno banana@lemmy.world to Lemmy Shitpost@lemmy.world · 2 months agomessage-square94fedilink
minus-squareNateNate60@lemmy.worldlinkfedilinkarrow-up2·2 months agoInflation reduces the real buying power of the money used to repay the loan by the inflation rate each year, regardless of your loan interest. In absolute terms, inflation is better the higher your interest rate is, because the number of dollars it saves you goes up.
Inflation reduces the real buying power of the money used to repay the loan by the inflation rate each year, regardless of your loan interest.
In absolute terms, inflation is better the higher your interest rate is, because the number of dollars it saves you goes up.