Comment on Iran laying 'sea mines' across Strait of Hormuz shipping lane
3abas@lemmy.world 11 hours agoIf you keep your job and don’t lose the house before your income increases to match hyperinflation, yes.
Most people will find themselves unemployed or making monthly enough to buy a chocolate bar for a while.
Has your income been keeping up with inflation the past few years? You think it will keep up with hyperinflation?
Your mortgage is $1,000 a month and you earn $3,000 a month. When hyperinflation occurs, you owe $1,000 a month, food costs $4,000 a month, and you still earn $3,000 a month. Are you certain you won’t be in that position?
Korhaka@sopuli.xyz 8 hours ago
Pretty sure minimum wage has been beating inflation for a while in the UK. Hyperinflation was a bit of an extreme example and hopefully won’t happen of course.