I don't really see how this is true. inflation primarily hurts creditors (when it rises unexpectedly) and people who hold large amounts of cash. cash is a small fraction of my net worth (compared to what I would expect for a poor person), but I also have way more cash in my checking account. if you only have <$1000 cash buffer that you routinely run down to pay for emergencies, it doesn't much matter whether inflation is 0% or 5%.