I mean if we just based it on the past then yea. It's also painfully obvious due to how much the older generations keep on emphasizing how "when I was your age I already had a house and a car" type of talk which almost always happened with family gatherings in the past. Ofc this assumes that the money they receive from outside sources isn't protected from inflation, e.g. just sitting in their bank with no purpose whatsoever. 

There's definitely going to be people who's going to  let their money be affected unknowingly though since there's probably at least 2-3 out of 10 people that wouldn't know how inflation works in the first place.