...Assuming your income keeps reasonable pace with inflation. Especially as the job market can take a hit as a result. It's more likely that your income stays the same, you count yourself lucky to have a job, and the cost of gas, groceries, utilities, etc. creeps up, leaving you with LESS dollars to service debt. If you own property outright, it's not so bad, especially as you can rent it out for higher and higher amounts.
But counting on inflation to erode your debt and NOT present other problems is a questionable strategy. |
