Inflation surely hurts the poor more than the rich!

[Makus]

Even though the rich also gets affected especially those that are into different businesses they adapt to the situation and just cope but for the poor man this might not really be the same this is because the financial issues surrounding a poor man is different and this is definitely going to make it harder. Both the rich and the poor gets affected by the inflation but survival of different for both. Let's not forget that those that are rich are surrounded by different circumstances just like I said which makes them find it easier to deal the situation.

[Oasisman]

Inflation surely hurts the poor more than the rich!

Not entirely true. Everyone is affected by inflation. The only that differs is that rich people knew how to manage their finances and where to put their money during these time of crisis. Plus, they have enough funds that will back them up until everything is back to normal. This is also the main reason why they became rich, in the first place.
While poor people who only rely heavily on cash, paychecks, and currency that doesn't have immunity over hyper inflation will obviously suffer. So, this why we think the poor people are the ones suffering more than the rich people. It's the lack of knowledge and financial management that's what makes poor people become more even poorer during hyper inflation that's currently happening today.

[X-ray]

Some of the best asset in this world don't have investment ceiling. You can literally invest $5 into gold, there is no stopping you. The gap you described actually don't exist in regard of hoarding assets and so on.

If you can save up some money for the betterment of your life and your future financial, then simply join us buying a good hedge against inflation such as bitcoin and gold, make it your daily routine.

Otherwise, you won't climb the financial ladder because thats just how the game works. Always adapt.

[Cheema02]

Inflation hits those low-income people or groups because they can't afford to make huge investments like stocks or real estate, or even bitcoin that could hedge against inflation. Thus, their small earnings will only go to essentials or rentals monthly, which means their purchasing power become at stake and limits their ability to manage increased on its daily living costs.

Inflation is a threat most particularly that are already living in the line of poverty. And the sad thing is, inflation gets more worst with this current price increase of fuel oil.

Your are right the inflation has impact on every type of individuals and mainly its affects the low income individuals and gives them hard time. A average or poor individual can't invest its wealth in stocks and other businesses like real estate or in Bitcoins because they have not accessive amount to invest and their earning just meet the basic needs like food, transport and daily life expenses so when prices increased they suffer with difficult situations. So when oil prices increased its increase the transport and transport connected with each chain of daily life so its creat the affects on the chain of inflation. So during inflation the poor people survive very hardly because their purchasing power has been affected. So if government don't properly focus on it then the poverty rate increased day by day by inflation. So government should take it seriously so lower rank survive easily for their basic needs.

[MinMan]

The rich can adapt to inflation by just cutting down luxury spending, but the poor can't adjust, because they have to spend on essentials.

But they won’t. You’ll see the rich just complain but they’ll be fine. They’ll still live and they’ll still be richer because they have assets that would continue to grow in profit. They have businesses, they have salaries. Unlike for the poor, even if they try to cut down on expenses it still won’t be enough.

Why say won't and then say they will be fine? Or maybe you are referring on the poor on your first sentence? Poor can surely have a difficult time but they can also adapt on it soon. Apart from it, they will also try their best on budgeting more and then maybe they will add other ways to earn an income.

I think inflation hikes are not permanent either, plus they might also be getting a help from the government or someone. As they say 'if there is a will, there is a way'. Rich on the other hand are rich, so they won't even complain.

@CTO114, I don't think so that they will cut down any of their means. Rich are known to be 'OA or classy' though. It was actually the poor in fact is the ones that can adjust. Poor are not picky you know.

[WatChe]

Some of the best asset in this world don't have investment ceiling. You can literally invest $5 into gold, there is no stopping you. The gap you described actually don't exist in regard of hoarding assets and so on.

If you can save up some money for the betterment of your life and your future financial, then simply join us buying a good hedge against inflation such as bitcoin and gold, make it your daily routine.

Otherwise, you won't climb the financial ladder because thats just how the game works. Always adapt.

We have options available to improve our financial conditions in future by investing in areas like Bitcoin, stock, precious metals or anything you are confident that it will give you good return in future. I am confident that if we keep investing in Bitcoin for at least 5 years then after 5 years we will be in a state to improve our living standard. Why I am in favour of Bitcoin is that you can invest as low as 10$ a week or you can invest more then that based on your budget. Its almost guaranteed that you will get return if you follow DCA to invest in Bitcoin.

Now the other option is to keep cursing the inflation and blame government for that. This strategy won't solve your problem.   

[AgriTrack]

Inflation will affect the poor if they hold more cash than asset and will not affect the rich if they hold more asset than cash like you correctly describe, but in the long run inflation will always affect everyone in the country where the inflation is occurring.
The rich will still buy things from that country even if they hold asset they will still need cash to make purchases and if they are unfortunate enough to sell their assets into the inflated currency they will be at loss especially if they have bought the asset when their currency was not as inflated.

Yes, inflation badly affects poor people more than the rich, as they have no savings aside to meet or handle any emergency shock. The rich have more options during inflation, using their savings, selling their assets, cutting expenses on parties, and much more. But what do poor people have in their hands? Just limited paper money that loses its value during inflation. They even have to cut expenses on food items, which are the basic needs of life. Another reason that I have personally observed is that the increment in salaries is not equal. The percentage of increase in salaries also varies. That’s why, even after cutting down on major needs, they still have to face the burden of debt. Inflation not only reduces their purchasing power but also sadly, takes away their right to live a happy life