It helps kids with student loans who have fixed rates, people who own a home and want to sell, older people with money in savings accounts who will get higher interest rates.
Inflation hurts groups who have loaned out money and will be paid back with money 'worth less' - bankers, landlords who hold long term leases... etc. It'll hurt people with variable rate mortgages and help people with fixed rates.
“Inflation hurts ‘savers’ and helps ‘borrowers’...”
And the biggest borrower in the history of planet earth is our own beloved federal government. Probably just a coincidence that they desperately need low inflation, and “presto” they discover we have low inflation.
The older person, who is now retired.
Who made $10 an hour at the height of his career and saved $10k.
Now, the same job pays twice that.
The money that was saved back then is worth half as much now.
The higher interest rates you tout, don't even match inflation rates.
That means that saved money is actually losing value.