Be aware that so many people have lost their jobs, the jobs picture is so bad in many areas/industries, and inflation is still relatively tame. I think that you're more likely to lose your house or be forced into bankruptcy due to a job loss before inflation makes it "easier" to pay off any debt in inflated dollars. Is anyone getting raises because of inflation? Cost of living increases to their Social Security? Nope.

Then again, you also need to consider whether paying down debt makes sense, too. Many of my neighbords are underwater on their mortgages. Should they try to pay extra and pay down their mortgages? It's case-by-case, but for many, their homes continue to decrease in value so paying down their debt is throwing it into a financial hole that they may never see again in nominal or inflation-adjusted terms.