Inflation tends to harm savers and lenders the most. Savers see their cash deposits eroded of purchasing power, while those who loaned money at lower fixed interest rates are stuck with less valuable loans until they mature. Consumers are also harmed by inflation as goods become more expensive. Lower-income consumers can be hurt the most as these people tend to spend a higher proportion of their income overall and on necessities than those with higher incomes, and so have less of a cushion against the loss of purchasing power inherent in inflation.