meanig, appreciate the response. In my view, deflation is worse than inflation for young people. Wages falling for 5 years in a row is deflation. I take it you are in the euro zone. For young people, inflation is better. For very wealthy people that had a lot of money 5 years ago, their purchasing power has increased. They can buy even more labor for the same amount of euros as opposed to 5 years ago. The double whammy is that if a young person borrowed money 5 years ago to be paid back today, in addition to the interest, the principal takes a larger share of today's wage than the prevailing wage 5 years ago. Your debt-to-income ratio gets worse in a deflationary climate. (This is one of the reasons that Japan's debt-to-GDP is at 240% today.)