I think high inflation is harmful for an economy and should be stopped or reduced if possible, But the reality that is often overlooked is that it actually helps many people. In particular, retirees. Many retirees have some form of pension or rely on Social Security. In my experience these all have cost of living adjustments (COLAs) every year. But the COLAs typically use the Consumer Price Index (CPI) to compute the increase. The CPI, in turn, includes housing as a major component, about 1/3. But most seniors do not have increased housing costs. Homeowners usually have paid off, or soon pay off, their mortgages by retirement so their costs go down. If not, the monthly payment is usually fixed, not increasing. Renters and homeowners both usually move to cheaper areas for retirement and often downsize from a full-size house to something smaller, e.g. a cottage, cabin, or trailer. Obviously, individual circumstances vary, but the bottom line is that disposable income for these folks goes up faster than their living costs during inflation.