Inflation is primarily a terrible thing for creditors, since it erodes the value of the loans they made, but when it keeps pace with general economic expansion, it's fine for workers as long as their wages keep pace with it - i.e shared prosperity.
Inflation is amazing for debtors as it eats away at their debt over time, which is what happened for baby-boomers who were given the opportunity purchase property on credit during the long post-war US economic boom.
Unfortunately, that's not exactly how things end up working in practice when it comes to pay because of a pesky little thing called inflation.