That depends heavily on the rollover period of said debt, along with other factors with how the debt is structured (eg variable interest rates).
Broad swaths of the middle class commonly fit within this framework as well, they leverage debt to buy houses.
The poor tend not to have mounds of cash sitting around, so the effects of inflation are only negative if there are not concurrent wage increases.
Pre central banking and stable (low) inflationary regimes, wealth has always been heavily concentrated in the upper class in the western world. The only real exception was the post war booms, which was during a time of heavy global monetary regulation.
Broad swaths of the middle class commonly fit within this framework as well, they leverage debt to buy houses.
The poor tend not to have mounds of cash sitting around, so the effects of inflation are only negative if there are not concurrent wage increases.
Pre central banking and stable (low) inflationary regimes, wealth has always been heavily concentrated in the upper class in the western world. The only real exception was the post war booms, which was during a time of heavy global monetary regulation.