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Inflation has increased rapidly over the last year at the world has emerged from the pandemic. At the moment in the world where inflation rate keep increasing, borrowers benefit the most. Especially in a long time loan, borrowers pay back money with a less purchasing power compare to the time the loan is borrowed. A typical example can be seen below between two men in Nigeria.

Man A: He bought a tricycle in November,2021 on hire purchase at #1,400,000 when the real price was around #900,000. He his to pay back within 16 months

Man B: He bought a tricycle in July,2022 on hire purchase at #1,900,000 when the real price was now #1,300,000. He his to pay back within 16 months.

👉👉Observation: Comparing the two men with the lenders profit when loan was given, if in just 9 months the purchasing price of man B is close to the total amount payed back (purchasing price + interest) by man A, what happens at the end of the 16 months if inflation keep increasing. If the lender decide to buy a tricycle after man A had finish paying his money. He will end up adding to the money before he can purchase one. When lending money to man A, the lender believes he’s making a profit of #500,000 but this doesn’t worth it anymore within that 16 months as inflation keeps increasing.

👉👉Conclusion: People with good and profitable businesses can borrow money to boost their business during inflation. They will always be at the gaining side if the money is utilized well.

Somewhat. Although, there's no guarantee of it. We have to remember that assets generally depreciate in value because they get dings, scratches or just degrade with time. So, selling a second hand asset is usually more difficult than selling a new. Obviously, this sort of ignores collectors items, but cars for example are generally considered to have already lost a few k on their price as soon as you drive them off the forecourt.

However, as long as your loanee pays back the amounts required, lenders will always gain. That's sort of the broken system we live in, where normal people require to lend off the rich, and as a result the average person loses in the long run, while the rich get richer. That's basically how the system is designed, and as worked for as long as we've all been alive.

Inflation isn't really a bad thing for the rich, they'll profit enormously on it.

I do not agree with the idea that borrowers are the ones who gain from this, only a few borrowers who know very well what they are doing and who have a great capacity for self-control do so.

In other financial threads I commented it: it is the debate of which system is better to improve your financial situation, Robert Kiyosaki's or Dave Ramsey's system.

The former advocates going into debt to acquire financial assets, mainly RE and the latter advocates getting rid of all debt and avoiding debt like the plague.

Mathematically for a robot or an AI, it would be Robert Kiyosaki's but in real life for most people it's Dave Ramsey's.

In this case, the problem is not only in terms of inflation. I put inflation aside and let's look at the time span between man A and man B. 2021, of course, where the pandemic conditions are severe enough that prices, apart from rising prices, are also increasingly difficult to pay. Then man B did in July 2022, automatically if the statistical calculation of the time span and the economic cycle would certainly make the price of goods increase more drastically, plus the cost of goods after the recovery. Why do I lead my opinion to real conditions where the economic cycle changes every year and inflation after the pandemic is much deeper.


Back to the topic, it's not entirely the lending and borrowing system that benefits one party because man A and man B have an actual price difference of #400,000 (with the same amount).

Borrower does take huge risk with the loans. I mean if they are borrowing in the high times then they should make sure that they are having good profitable business too. They are borrowing but they should plan and execute their business thoughtfully otherwise how they gonna repay the loan? It's not about how much difference are they getting benefited for the "value" of something but its about how the borrowed money will be returned along with the principal + interest in the high time.

I am stressing on this because, in such inflationary times, business also slows down based on the nature of business. For example, if it bicycle business and we are in inflationary times then why would anyone spend money on it and not on the food reserves or may be healthcare needs etc? This could indirectly affect that kinda business. While on the other hand healthcare, food industries may get benefited as it is the daily need to survive. You can walk if you dont have biycyle but you cant live if you dont have food!

So its not just about borrowing and lending calculations, its also about where the money being invested? Do they have that much returns in the current period? Is it going to stay stable for the tenure of loan and much more!

It's depends on how much the lenders ask the interest, if he's ask the interest that greater than the inflation, the lenders will take the benefit. I don't think the lenders are stupid and not knowing about how big is the inflation percentage, maybe they're just an average Joe who started to lend their money e.g. from your friend, neighbor etc. If you borrow money from banks, they will ask you around 10% interest per year which is very high.

I get your point OP but I am very curious. Is your example realistic in your country? Man A's loan interest is 3.47% monthly while Man B's is 2.88% monthly. So these figures are normal loan interests in Nigeria? In my country, banks' interests are around 2% monthly. But I also heard that in very rich countries, personal loan interests are very low.

Well, I assume OP's tricycle example is utilized for transportation services. Tricycles are common means of transportation in some countries, especially in rural areas and outskirts of cities. So it will be income generating. If I am right, then Man A benefits well since he is already earning income for a year.

Perfectly said. And personally, I also prefer Dave Ramsey's system. Financial assets are accompanied by risks though just like what happened before in the US when its real-estate market collapsed. But I am also a huge believer in real estate and raw lands, only because my country is small with over 100 hundred million population.  

Traditionally, borrowers have benefited more from inflation, because the money they pay back is worth less than when they borrowed it. That is why, when inflation rises, the interest rate charged by lenders also rises.
e.g. If I borrow 3% money to buy a house for $50,000, and inflation rises to 6%, over time I have paid back significantly less than the purchasing power equivalent of my original loan.

I don't believe there's a winner between the borrower and lender when the inflation rate is high. It might appear to be profitable to the borrower based on your description but it's not. Inflation affect the cost of living of the general populace.

To use the same example you used, both Man A and Man B won't agree with you that they have gained over their lenders at the end of their repayment time. Why? Because the money they realized from using the tricycle is spent on more expensive things. The fuel price, maintenance fee, and road-use tariffs would have increased from the time they purchased the tricycle.

In conclusion, inflation is never a win-lose or win-win situation. It's always a lose-lose situation.

It just a real fact, it's practicable enough. Even the example given made it clear. Although the lender made some profit through interest but during inflation the profit will have lose It's value. Imagine the interest rate is just 3- 4% and inflation rate is up by 9% or more. This is happening here in Nigeria as price of good and commodity keep increasing everyday.

I think understand what you mean. I actually know people who don't even pay their UTILITIES in full, let it accumulate and then get shocked when they got their water and electricity cut - and then have to shell out an extra fee to have it reconnected.

It's just not that easy for some of us to get a grip on these. For example when I borrow I'm not even thinking of what OP was saying that I'd be paying less or whatever, I just want to know the difference in price between getting the stuff on installment vs paying for it in full.

There is a clear difference between asset and liability. A car isn't an asset but a liability. Asset appreciate even during inflation. A typical example of an asset is a land. A plot of land bought in few years back will be sold at an increased price if the owner decide to sell it now.


Gain will be made on interest but will have lose it value. If the inflation rate is higher than the interest rate, the purchasing power power of the interest will be low due to inflation.


Rich people utilize all opportunity during inflation to get richer but poor people keep complaining all around about price of good and services without doing anything to improve the system.

Actually, the lender and the borrower by using the interest rate measure are equally detrimental. The nominal value of banknotes is always changing, the numbers are still the same, the value is getting smaller. Of course, the one who loses the most is the recipient of the loan.
During the pandemic, loan interest rates were increased, especially for creditor companies.
Unless someone borrows from a friend who doesn't pay interest to the beneficiary.

First and foremost, inflation is happening all the time. It is a constant. So I assume that by inflation here, you specifically refer to the times when the inflation rate goes beyond the target.

If you borrow money when the inflation is high, there are two tendencies. One, it could mean you will pay back with a cheaper money or money with lower value. This means you're indeed taking advantage of the rising inflation. But this is only possible if inflation continues rising or if things worsen over time, especially if this translates into increasing wages since goods and services are also getting more expensive.

However, borrowing money in the middle of a rising inflation could also mean you will be paying money with more value. And instead of taking advantage of the rising inflation, you are actually putting yourself at a disadvantageous position. An inflation rate going far beyond the regular rate would definitely be addressed. Various measures would certainly be implemented to counter it or tame it down. In which case, you might end up paying during the time when money has already recovered much of its value.

I think the best time to borrow is before inflation, that time when money is still in high value. And the payback time will be in the middle of rising inflation.

I also don't think the lenders would be stupid enough to not be able to calculate the inflation rate, they are the people with the money and the lenders taking interest. How is it possible for them to lend you money and the interest belongs to you at the same time?

In the same way as the banks are today, interest rates will always be adjusted to match inflation, otherwise, even some of the banks might go bankrupt, not just the outside lenders.

If you took a loan before all this covid mess or during the covid panic low when interest rates were very low then obviously it was a smart decision. Especially if you got the interest rate locked in. Most likely you will get a raise and will be able to pay it off earlier so it’s like you are under paying.

However now getting a loan is different. Especially if you want it unsecured. And even a secured loan like a car or house is expensive with the high interest rates. I guess this is the point to cut down on inflation.

Some of those who borrow are not aware of this because the borrower is usually in great need of money so he does not think about the losses he receives after borrowing.
Especially in a pandemic condition, almost everyone finds it difficult to get money and also at that time not many parties or people dared to give loans without interest to everyone.

Price might not worth it anymore but lender did make some profit. Adding up to make fresh purchase doesn't mean man A ran at a loss. Imagine man A bought more tricycle before the inflation sets in he will definitely and sold them at the price man B purchased his for, It means man A will be in more profit than man B.  

It is not calculated like this unless inflation in the country is high and therefore it will form a harmful pattern because when you borrow, you pay the interest on the loan first and then pay the capital, then the borrower will be able to recover his capital in a short period, but the problem remains when hyperinflation.

When this happens, the capital will flee from the cash currencies and head to safe havens of gold, assets or even lands, and therefore you will not find anyone to lend you or at a high interest rate that makes the recovery of capital within the first 6 months only.

Also, inflation does not continue to rise forever, and when the opposite happens, you may end up paying a lot, especially if the value of the local currency improves

Well it's applicable on the normal circumstances but when the inflation rate increases than the expected rate then the interest rate of the loan may also be changed by the bank in the middle so the borrower has to pay more than what he has been doing but the income of the person may not be higher as same as the inflation rate hike.

If you looking into Nigeria inflation proper , you see it goes in circle and never affect or stop at just one man or person. This is because of the Nigerian situation and government. The Nigerian system is the type that is almost not regulated in every aspect of the sector. It is not a system of majorly or dominated by working class but it is more of business and artisans so this aspect of the economy is not highly regulated and things are not done in more organized way like in working class where salaries come at a point and fixed but talking about the transport sector where the loan analysis was made, the times you used for the loans to be repeated may not be exhausted before they are even repaid because the tricycle operator may increase his price and charge abysmally to the detriment of the passengers and no body will question that, there are no price control. At night and rush hours are worst of for price increase, raining days are all target times for such unusual increase and this is why I said it comes in a cycle and the loan collector those not really bother about how much duration he is making repayment. So it may not be a smooth scenario for such analysis. Example, prices during the days for same route varies and individuals control the price themselves except for few government transport system that is far below enough.

It all depends most at times.. though the years difference isn't that much but I can not be when valuing an asset like tricycle or other similar scenario.
Do you remembered that buying 40fit container in 2019 was bit higher than buying it 2020?

Now I will tell you, in 2019 business seems to be normal and everyone on a regular daily activities whereby purchasing 40fit at 390k was much higher because in 2020 everyone thought the world is over and never know where they are heading to sad news every nation kept many heart bleeding due fear of death leading people selling their properties at a cheap rate while others donates their money to poor and many more. At then I was to price same 40fit container and I was told to purchase it at 150k which is much more cheaper.

I believe Inflation rate is higher than before but not in all items.
It mostly common in food stuff and to those under loaning, maybe importer exporter due to dollar conversion rates.

It can be said that the loan interest rate is flexible depending on the conditions,
I think borrowers need to consider because such a policy would certainly be burdensome,
with increasing loan interest in the midst of inflationary conditions it will be difficult

Most of them don't even read the terms and policies of loan before signing the documents including myself because we are in a hurry so all we do is just make hundred signature along with valid collateral to get the liquid cash in case of emergency which is used positively by the banking and financial institutions to make more money at any situations.

Inflation is not something that we could 100% trust on every time. Yes, we had a huge one so far, and yes if you took out a loan before that, you got it for cheap and then you start to pay it off back and by the time you finish it, you made a profit by a lot, and I mean a huge amount of money. But, lending and borrowing has always been like this in the long run.

Like in the USA (which is a huge economy and rarely gets a huge inflation compared to other nations) you could buy a house for 20-year loan, which means that you will pay a lot, like get 1 million and pay 2-2.5 million back, that’s a lot right? Well, in 20 years that house will worth 5x that, and you could make a profit just by renting it as well, so you are doubling your profit that way.

That is why you should avoid lending fiat currency for profit. If you want to lend it's better to use bitcoin instead, because on long term you don't have to worry about losing purchasing power. Lending bitcoin guarantees you profit in two different fronts: interest income and btc rising price.

On the other hand, when being the borrower, I'm not sure if the situation explained on this thread is an interesting one. Banks always make sure they aren't going to lose money, so you can expect in inflationary scenarios you are going to pay bitter interest rates to them to compensate the weakness of the local currency.

I have for myself that banks' loans must be avoided at all costs.

But some are taking the route because they have limited or no more options to get money.
So whatever is presented to them as opportunity to loan money, they will grab it.
But as much as possible, borrow money if you badly need it and not just because you want it.
You can't avoid the inflation rate and other financial downturn so better limit your borrowing activity to any of these financial institutions.

Whenever you do consider out on taking up some loan for some investment or businesses whether you are planning about those inflation thing then i would say that it wont really be that much relevant.

You wouldnt really care about these stuffs if you do able to sustain yourself because you are earning something from other sources.For Lenders then it would be understandable but for those borrowers

then as long those amounts been put up into something which could make you sustain then i dont really see anything wrong with it or issues as long you do know on what
you are doing.

And that's the time when the question arises whether they could sustain their income or not because lending or borrowing something is just a start-up but never gonna guarantee that someone would be earning right away after they borrow something. I might reconsider their decision once they have a different business whose actually giving them some income rather than relying on something that doesn't give anything yet. Inflation has nothing to do with it – it's just the same when the time they have to pay for it.

Once again if everyone has a good and profitable business then borrowing money is not a problem but people who struggle to even get some profit from their business will have trouble paying their debt. Just borrow money when you have a plan on how to pay your debt when the times come since not everyone feels easy to pay their debt even when they have a job.

The usage of borrowed money is situational but the repayment will depend on how wisely the borrower handled and managed it. Repayment would be hard for those who used it for survival during this inflation crisis but will be easy for those who took advantage of the inflation to grow the money. It all depends on wise handling.

I think the same, lenders are taking a risk and as such they need to be compensated, so it is a mistake to think that there can be many instances in which they can be outsmarted, if the inflation keeps increasing the only thing they have to do is to raise their interest rates as well to get their money back and more, so while what the OP says may seem to make sense on theory I think on practice it is way more difficult to try to do something like this and not lose even more money in the process.

Depends on where those funds or borrowed money had been applied whether it would be used for some expenses and might be used up on investment or business which it would really be identifiable on whose the one

would able to repay those debts or loan afterwards and this is why you should really be that sensible when it comes into these actions because it would really be putting you in big trouble if you cant repay those loans or borrowed money in certain time.Its understandable that inflation do really hits hard into us specially into those earners which it is really just enough on daily living or needs.
This is indeed very situational or does depend on how someone would be using up borrowed money.

Borrowing money to expand your business is always a good idea but I agree on the situation where the business is no longer profitable and experienced a lot of problems already. Though having that loans can also save the business slowly, we should not expect too much money from our business but of course we should always do our best because we do business to make money, and the purpose of loan is to help you sustain the business. Inflation might be one of the problem but then again, it will still depend on your strategy.

A friend of mine did this basically. He had 200k, and took out a 500k loan and bought a 700k house, and I think he did a wonderful job. Why? Because the inflation in our nation is higher than savings interest that they give us so thats useless investment, and the loan interests are low as well which means that by the time he pays it back, he would have spent another 500k, meaning he would pay it back 1 million and 200k was the initial so 1.2 million for the house, but by the time its over the house will probably be 5+ million. I know its not like that in other nations and prices do not increase that drastically in 10 years for you, but in Turkey its like that, house prices double in just a few years.

This is only the case if you borrowed before the inflation. Lenders naturally increase the interest rate of their loans as inflation rises, and if you were to borrow at the wrong moment you may end up paying more rather than paying less. So I guess the correct thing here is borrowers (who already have loans) before high inflation hits profit by paying less, while lenders during high inflation increase their inflation rates and therefore profit if it settles down.

Honestly wouldn't consider borrowing money if possible. I don't think it's that big of a business opportunity if you were required to get a big loan to even start it.

Well inflation can be good and bad for both parties.... depending on what happens with inflation.... because governments adjust the interest rates.. based on the inflation. So there are a balance mechanism for both parties.... but there are also counter measures to protect both, like fixed interest rates.

The person taking the loan always lose out in the end, no matter what happens... because they have to pay the interest on those loans. Rich people pay cash.... they do not pay interest on loans, so they score the most.  ::)

I doubt this because agreement had already be made. Banks deal majorly with agreement. That is why more lending organization put a high rate on interest this day because of the effects of inflation.

That's in only some nations. In my nation for example you can be a person with amazing credit or could be someone with a terrible one, you either get a loan or you do not get a loan but your rate doesn't change. If you get a loan then me and the richest person in our nation both pay the same rate.

It means it's not flexible and that is done because we do not want to cause any drift between people by allowing already rich people to get cheap loans, and people who truly need it to survive to pay loan shark amounts. That's our nation though, we may not be like others, I know USA for example has rates changing based on the person and how they have paid their debt so far.

Borrowing for productive needs, I think, is not so good, although it can help a little to circulate money in life, but the borrower also has to think about the smooth running of his business so that he can pay off his loan to the bank or to the party he borrowed. And of course it makes the borrower feel a little depressed because to run his business in inflationary conditions is clearly not easy. Because the price of goods becomes more expensive and the currency becomes cheaper so that there are fewer purchases.

The amazing thing is, when you borrow, and get a machine to produce more stuff, and sell them for higher price because of inflation, you will be able to make that loan back very quickly.

Like let's say you took out 100k dollars loan, you need to pay 3k per month for 36 months, and you sell the product for 5 bucks, but you produce 2x more now thanks to the new machine, you could literally double your income even without price increase, but if the price goes up twice as well, your 5 bucks, becomes 10 bucks 2 products 20 dollars, quadruple of what it used to be. Do not tell me that doesn't sound like an amazing deal for you, while the loan stays the same, the income goes up very much.

It would always make sense if we do speak on taking up a loan just for the purpose of improving overall benefit on your investment or business which it would be common sense and you could really make
out some calculations on your own on how it would benefit out although it wont really be that precise since we wont know if it would really be able to succeed or not but at least we are putting those loan
amounts into the proper use and not just taking up some loan just for buying something or speaking about wants which would never been worth and you are just really putting yourself into big trouble.
Never ever consider on having this option if you werent able to make more profits so that you wont really be having problems.

Interesting post! I agree that inflation can be beneficial for borrowers in the short term, as they are able to pay back their loans with money that is worth less than when they borrowed it. However, in the long term, inflation can be detrimental to both borrowers and lenders, as it can erode the value of the money that is being loaned and repaid.

For borrowers, this can mean that they end up paying back more than they originally borrowed, and for lenders, it can mean that they are not able to recoup the full value of the loan. Inflation can therefore be a double-edged sword, and it is important to consider both the positive and negative effects before taking out a loan.


It's only one small piece of a bigger puzzle. So if your income isn't increasing with inflation, then your locked debt loses its value for you.

True, however we must also remember that those at the top did not got that high by being outsmarted by the average person, if a person is able to use cheap credit and inflation to buy more stuff then banks have that power on steroids, they can change their polices and give themselves a lot of credits while reducing significantly the ability of the average person to get credit and then buy everything they want, and that is if inflation keeps being high, if for some reason we were to see a deflationary scenario all of those people which took credit to make their purchases will be destroyed, as it will be impossible to pay their debts under that scenario.

No no no, you got it all mixed up.

You should not borrow money during inflation because the decreasing value of he dollar will complicate the payments of installments and increases the risk of default.

Similarly, you should not lend money during inflation either, because every default brings you closer to insolvency.

You'd expect people to know this by now after the Celsius and Voyager debacle. But they haven't learned a thing.

Only high-risk raiders should attempt to take loans during such a time in hope for a sharp profit e.g real estate flippers.

Sometimes an estate agent could see an investment opportunity to buy a property for cheap and whether inflation or not he could approach the bank for loan if he sees the profit staring in the face. I agree with this because I have known someone like that and after buying, he immediately put it out for sell and regain the loan plus extra profit on it. It is risk takers and business minds that does that really.

Exactly, it is that kind of thinking that got us in trouble during the crisis of 2007, people saw the price of real estate was growing at an impressive rate and people that had no knowledge about that market began trying to speculate with real estate and took loans that they did not need, then when the bubble was over and the price of real estate began to go down people were left with debts that were much higher than the actual value of their house, they defaulted and ruined their lives in the process.

Lenders are factoring this in by just raising their interest rates. It isn't difficult.

Lender recognizes their purchasing power to decreasing over fixed amount of time, by default 2% yearly compounded by whatever government mismanagement adds on top of that, they increase interest rates to cover that reduction in purchasing power by some value X. Whatever calculation that is is beyond what I can articulate, it would be dependent on the lender.

Borrowers aren't in a spot of luxury here. Lenders know the market better than anyone, hence they have the capital to lend. You'd have to take a gamble and secure a loan with low interest prior to inflation.

Real intrest rate decreased during inflation times. Inflation rate is deducted from nominal intrest rate ( actually paid or received amount) is called real intrest rate. Based on real intrest rate can calculate the interest paid or received. Here creditors are lose and debtors are gains because of the depreciation of currencies.

Would really be that common sense for those lenders or simply with those business owners which they would really be tending to make adjustments just to cover up those percentage loss due to inflation.
They wouldnt really be that dumb on not to make out adjustments because it would affect profitability and the ones who would greatly be affected is into those lendors who do took the loan.
They are the ones who do suffer out and this is what we do know that rich becomes richer and middle classes do pay up higher tax and poor becomes even more poorer.
Lets just embrace the reality or casual stuff.

Inflation is a plague on the economy during any time, but it seems to be especially vicious in the current economy. Those with lower incomes should consider borrowing during periods of high inflation. Since lenders lose purchasing power during inflation, their assets are worth less. Borrowers make more money, so their assets are worth more. In addition, when lenders get the money back, the dollars will buy even less than they did before.

If we look at the entire situations that round about borrowing money for business during inflation, it can be concluded that it has both the good and bad side, during inflation, we know that the orice of buying a commodity rise and the seller makes more profits through this but we must not forget that there are occasions whereby sellers were incapacitated to afford buying a product due to high price and in this situation the seller begin to experience a drop in selling rate till he's unable to make a sell in other to return the borrowed fund, and we also know that some items are perishable, which means they can't last long before consumption and if the seller have a pause or drop in selling rate due to inflation, then this aren't going to work out nice, because he had debts ahead to pay for.

We should borrow money only for important and urgent matters, because having debt will make our life more difficult, that's why borrowing
money should be the last solution we take. Actually, if we manage our money well and diligently look for side jobs to provide additional income.
We don't need to borrow money, which very few people do that nowadays.

Then it is better to borrow money from our friends or family, because usually there is no guarantee or interest. But because there are some
irresponsible borrowers as you describe. Where sometimes the borrower does not carry out his obligations to pay debts, knowing the lender is
a close person. If many borrowers are like that, eventually many people who have money are afraid to lend their money to others. So we will
eventually find it difficult to borrow money from our rich family or friends, because rich people have been disappointed by their closest people,
who never pay their debts when borrowing money. If such an incident harms good people, they end up having to borrow money from banks and
online loans with high interest rates. Some even borrow money from loan shark at much higher interest rates, because the loan application was
rejected by the bank.

Desperate move coming from people who really needs the money, though I can't justify since there are some who really in need because of this current situation while some are just wasting it to their own vices, but yes, your sentiment was right it's hard nowadays to borrow from your rich friends or relatives, as there are many cases where borrowers are unable to pay the lend money so aside from the money you also lose the trust from the person you lend the money.

We can't generalize everything, but again, lenders have their own reason why they are very desperate to take the loan and online loaners are taking advantages with high interest rate.

That's why I always give education to my friends or family, if they are having financial problems don't take shortcuts by borrowing money.
Borrowing money should be the last step we should take, before we have to try first to be able to make money. But most people are too lazy
to get out of their comfort zone, so most people are better off lowering their self esteem by borrowing money from other people. Instead of
working hard to find other sources of income to solve their financial problems. The importance of us having the right mindset in life, besides
that we can live more easily and most importantly we don't bother other people. Our mindset must be changed, namely it is better to give loans
than borrow money, how can we provide loans if our finances are bad. Improving our finances is related to our lifestyle and how we manage
our finances well.

For most persons who resort to borrowing to meet ends, it might be the only available option at the moment. I remember a story of how a man was left abandoned in the sea after their ship wrecked. He prayed to God to send a helper, a fisherman paddling by ask to help him, he refused for excuses of waiting for rescue. Another passed by he refused still, until he died and went to heaven. Upon reaching the gates of heaven, he asked God why he wasn't sent a helper even after being dedicated to him all while. He got a reply that he was sent the fisherman, and the other boat of which he refused to join. At the end of the day, the lesson that suffice is that, borrowing money, if done the right way, is a soothing means to an end. Mostly from close family and friends who may not require any interest.
For lenders however, the worst cases I have seen is that of loan sharks with their exorbitant interest rates and short time for payback. They can go as far as alerting contacts on ones phone about the current situation and thus making everything look messy.
It is good everyone works hard to make his or her own money, so as to avoid being a fool. In cases where it is the only option for critical cases, please borrow from a credible source to avoid embarrassment and one should also be responsible enough to earn so as to avoid such cases during this inflation period.

Yes, I also have that same perception why bother other people if there's still other way to improve your financial status, I like that idea of being lazy not to go out with your comfort zone, afraid of extending their skills or seeking deeper for other additional ways to earn money, instead, they will go behind and ask to lend with their relatives or close friends, if they failed to pay the relationship are the one that in stake.

It's better to look at this kind of principle in case an emergency happens, you can't stop or avoid people if there's emergency they will do everything but if that's only for something that have other additional way, best not to borrow and find alternative to solve your financial needs.

The discussion on inflation is indeed very interesting. especially if we look from the perspective of who will benefit and who will be disadvantaged in this rising inflation situation.

true what the OP said. that the Borrower will benefit when inflation comes because the value of the money paid will be of lower value than when the value when applying for a loan.

and it is not only a borrower who benefits in this inflationary situation but there are several others who benefit in this situation.

such as the following.

1. Owner of a house or building
Of course, this is a common occurrence when property price inflation such as houses and land will experience a high increase. That's why the property business is always a profitable choice even in times of inflation.

2. People who have big debt
Like what the OP said. that debt lenders benefit from inflation. because the value of money paid will be lower than before inflation and compared to when receiving the loan at the beginning.

3. Stock investors
basically the price of goods will increase and of course will make profits go up because the stock price will follow the increase. many investment sectors that make investors protected the value of their assets during inflation. different from people who save money in the bank. their value for money is not growing at all. instead experience depreciation during inflation.

In fact, there are many other sectors that have experienced a positive impact from this inflation, such as commodity investors and entrepreneurs. but the sector that suffered losses was far more.