That's without pointing out the cost of this financial misery on a bigger scale. Your dollars will buy less, both abroad and locally, which means that you can afford less with the same payment. With energy prices rising, that could get people who seem to be living within their means right now, suddenly in a tight spot. Your house, albeit paid for and out of a mortgage, might lose a significant part of its value because the prices of other houses drop. If your pension plans have anything invested, that value will drop as well. Getting less buying power while prices rise is a sure way to get people in trouble financially. Then there is the trouble for companies: even if you own your own company, and have enough without a need for credit, what do you do if your customers (either companies or individual customers) can't get a loan and go bust?

The world is filled with interactions like that, which means that you will be affected too, although that might be indirectly.