Is wealth redistributed from old people to young people during periods of considerable inflation?

QuietGrowth wealth redistributed from old people to young people

Some people have the view that inflation redistributes wealth from the old to the young. This is because of the assumption that the older people have more assets that do not appreciate in line with inflation, while the younger people have more debt.

However, this view is not necessarily true for all old people.

Often, many of the older people do have significant wealth that appreciates with inflation — such as property, precious metals and art. And a significant portion of these older people might have opted to not have exposure to the fixed interest saving schemes. For these reasons, this specific set of older people do not participate in the redistribution of wealth from the old to the young.

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