Question

Which group of people are losers during inflation?

Answer 1

1)Those belong to the fixed income groups. likes workers, salaried, employees, teachers, pensioners, creditors are the worst loser during inflation. The hardest hit is the persons who receive fixed incomes, usually called the middle class. Because salaries do not rise as much as the rise in prices of those commodities,

2)Persons who live on past savings, fixed interest or rent, pensioners, government employees, teachers, etc., suffer during periods of rising prices as their incomes remain fixed.