[bw17]

On the bright side, inflation is a very effective way to wipe away debt.

At a 6% inflation rate, $500,000 of debt is really only $250,000 in today’s dollars twelve years from now...even if you don’t pay a penny in principle. ;-)

[CowboyJay]

"On the bright side, inflation is a very effective way to wipe away debt."

I would think this is true only for the government and private individuals who do not rely on job income as their primary source of earnings

IIRC wages really haven't moved much the past 3 years.