Who is less likely to be harmed by inflation?

Individuals with fixed incomes, such as retirees receiving a pension or social security, are less likely to be harmed by inflation as their income does not adjust with rising prices. Additionally, those who own assets that typically appreciate during inflation, like real estate or stocks, may benefit from inflation rather than suffer. Conversely, wage earners whose salaries do not keep pace with inflation are more vulnerable to its negative effects.