The article looks at how inflation affects people's well-being when they face financial risks. By using a model that reflects real-life money behavior, the researchers found that inflation has smaller negative effects on welfare than previously thought. They also discovered that reducing inflation from 10% to 0% could increase income by 0.59%. Additionally, lowering the typical inflation target from 2% to 1% could lead to a 0.06% income boost in the long run.