Timo earns $50,000 a year, has $10,000 in savings, but owes $30,000 in student loan debt. If

Fantastic news! We've Found the answer you've been seeking!

Question:

Timo earns $50,000 a year, has $10,000 in savings, but owes $30,000 in student loan debt. If sudden, unexpected inflation doubles the price of goods and services, but also doubles Timo’s salary to $100,000 a year, is Timo better off or worse off? Explain.