Raise minimum wage, increase inflation, raise my wages as a result, and I pay off the house that much quicker. Of course, should I retire then my savings are also diluted with this Ponzi scheme.
RE: Raise minimum wage, increase inflation, raise my wages as a result, and I pay off the house that much quicker.
Hopefully, your interest rate is FIXED. For those planning to start a mortgage, this will cause mortgage rates to INCREASE.