People don’t understand inflation. Sure it effects debtors because of higher rates, but it effects everybody by higher prices for everything. What cost $1 yesterday, will be $1.50 or more in a short period of time.
As for working hard, this is only partially correct. I know people who worked hard, made decent money, and had no income saved for retirement. You have to invest part of your money starting at a young age so it has a chance to grow before retiring. Working hard and playing/spending harder won’t work. This is what the millennials are doing today, they have no outlook for the future, thinking the government is going to bail them out
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