Bitcoin Forum

The prices of goods and services are increasing everywhere in the world, inflation being the major reason why, the physical and political war in Ukraine is also compounding issues for some specific countries, as we know if prices of commodities are high which they are, people will spend more money to buy the goods they need and pay for the services they want. Standard of living on the other hand is like a general term to quantify the economic well-being of people in any country, meaning if the prices of goods and services are high, people would be able to afford very little goods and services and that will make the standard of living to drop generally, and that also goes vice versa.

So i would like to know what the standard of living is like in your country now compared to five years ago. Was there any sharp difference in the standard of living pre pandemic and now. If there is a great fall in the standard of living in your country, have there been any move by the government and employers of labor to alleviate the sufferings of people. People who live in Ukraine, if you don't mind, i think a lot of people would want to know what it is like there too since the war began.

Because many countries have chose to stick on one way direction without thinking otherwise for an alternative, i still can't figure out what bitcoin and cryptocurrency has done to them that would have made it deserve such approach they all have towards it, but despite all, it's moving fine and good.


Of course this is just a little to what extent an inflation could go using fiat currency, cryptocurrency does not obey such principle, bitcoin has in many ways overcome the power of inflation in the economy despite its volatility moves.


In the case of my country there has not been any difference but rather the value of the currency keep falling as against USD and the economy is not progressing in any way, inflation is everywhere and we need a currency like bitcoin to help out in situations like this, although many of the citizens here have been making use of bitcoin in various aspects of economical application and some difference has been made with the engagement of bitcoin amidst government regulations and inability to adopt bitcoin.

It's pretty crazy but the price increases only really started happening about 3-6 months ago within my country. Before that point everything was pretty stable, although obviously there were large increases in particular sectors like if you wanted to buy a new graphics card. I guess certain countries have it luckier than others and if you're living in a country that is slightly underdeveloped or poorer generally then any sort of price rise is going to hit you even harder. I now see prices moving up every few weeks even when going to buy things like food, which stayed pretty consistent in price for years before that, so it feels like we might only just be seeing the start of these price rises.

In my country, over the last five years the rich have got richer and the poor have got poorer... because we have a right-wing party in power, and this is their raison d'être.
I would suspect that in a lot of countries there has been a general decline in standard of living, but that the poor are hit disproportionately hard, whilst the ultra-rich have actually benefitted.

The biggest impact on standard of living at the moment is ever-increasing energy prices; help from the government for ordinary people has been effectively zero. The government refuses to tax their friends the energy giants, who are reaping record profits.

Currently in the Philippines; probably a ballpark of 20-30% increase in 5 years? It's been a while since I've roamed the "ghetto" ish areas so I really can't make a good comparison. While food and other needs are up, what I've noticed is that rent went up far higher for some reason. Wages are higher too which is good, but working provincial doesn't really cover the daily needs if you have a family.

the standard of living in my country compared to 5 years ago is clearly very different ... this year even though there is a pandemic and war in ukraine, the economy in our country is still growing.. this is thanks to us because we chose the right leader, which some decisions are very helpful, especially those of the lower class ,, compared to 5 years ago where most people couldn't buy a house or a vehicle, but now people can easily buy a house or a vehicle or electronic goods.. the wages of workers are also increasing.. the point is different compared to 5 years ago

It is what it is with inflation all around the world, Bitcoin would not do anything to help with soaring prices of goods and services or with inflation generally, no matter the approach countries take concerning it.
I second that, i don't know how correct i am but i think people in first world countries are not in as much trouble as people living in underdeveloped nations, maybe someone from that part of the world can share their experience.
Would that be because of the war between Ukraine and Russia? With Russia imposing their own sanctions as regards their supply of natural gas to other parts of Europe.
Did wages go up because of inflation or was it just a normal increase.

That's a part of it, certainly, but a long way from the whole story. People in many other European countries are not facing the same increases. Part of it is a historic lack of investment in just helping people... houses are built cheaply here and generally to the bare minimum legal standard, insulation is poor and so people use more power to heat their homes. Government grants for home insulation have been scaled back under this government, as has pretty much everything else. There's also no long-term planning and no reserves; short-termism is endemic. But the single biggest cause underlying it all is their pathological adherence to the mantra of "let the market decide" ... no matter what the situation. Anything to further enrich the already rich and reinforce the status quo of rulers and ruled.

Things have really been obnoxiously different in most places over the 5 years in view with economy cascading down the durgeon of poverty level. This is so annoying because cost of living have gone high and standard of living dropping drastically. On a quiet moment I have thought and realised that energy, Oil and gas supply are really major in the enjoyment of life but these commodities have gone high across the globe not only in less developed countries. Over reliance on Oil and its byproducts are really taking the world through high rate of inflation and inflation itself is the reason standard of living is falling. The situation is still better in countries that exporting nations because they can generate foreign exchange. In Africa, the situation is not funny. The standard of living is ridiculously low as bad leaders are selfish , chasing after individual goal. However, the world need to diversify the economy from high dependency on oil to fuel vehicles. Transportation of goods are major reason for fall in standard of living.

The standard of living in my country now compared to five years ago is very different. Prices of goods and services have not increased too much because people can still find income from many sources. But after Corona hit everywhere, people's incomes decreased drastically and there were even some people who couldn't work as usual and many were affected by employee reductions. That is obviously a big drop in everyone's standard of living but thankfully, Corona has started to decrease a lot and we have started to be allowed to leave the house and work as usual even though the situation is not the same as before the Corona attack.

I don't know what happened in Ukraine and it is possible that the people there are also experiencing greater hardship than our lives because their country has been affected by the war. Hopefully everything will recover soon and even though it will be much different from before, at least we can start a new life and hope that it will be much better than before.

I really don't follow local stuff religiously because I'm far more invested in crypto and US stock markets, but as far as I know while it's a mixture of both, it's mostly probably due to government intervention.

In a healthy economy there would be inflation otherwise every year which would be deemed not only essential but at the same time an integral part of growth, therefore no matter what the circumstances are the standard of living would ofc change especially in the last 5 years, that's drastic, we have not just seen pandemic but we have seen the volatility of prices in the last 3 years and then due to the war a lot of imported goods like the oil are now having a bit of a shortage and thus making things a bit too expensive for the countries who do not actually produce them as well. Therefore in the countries where the government actually did cut forth the exports and at the same time increased the production, they have been able to maintain a somehow healthy balance but in most it's a chaos.

Life in Ukraine must have been difficult since the war. If they are in the affected part where their electricity was cut off, then that's worse. In the western part I think is still not good. In the news, they were saying they have limited supply of food (wheat). Its more than fair to seen their government is reaching out to ask funds from everywhere.

In general, all countries are affected by the inflation. A family with a father that is not working in a good position in a company, would struggle to give a comfortable life to their kids but its security and food is the most important of all in crisis time. No night out, no vacation to beaches after all there is Covid still. During Covid our government is giving assistance to less fortunate.

Inflation could be the norm, but it doesn't have to be this high. It could be just %2 each year and that would be enough. Anything above that would be a terrible situation the higher it goes. For example, there are situations where some nations have like as high as %100, and that is as terrible as it could be and those nations are in terrible situations. If the inflation keeps going up like that for a few years, then there is no way to recover from that ever and that nation's citizens will end up being poor for many years. The best thing I could see would be very low inflation if it is a must, just make it low and you will be doing fine, but keeping it fine has not been an option for many years now and it's not going to be available anytime soon either.

Standard of living has such a wide area of definitions it's almost impossible to really quantify it and compare it states by state, even the far easier and easier to track purchasing power indicator is also completely flawed in some areas. Let's take for example Norway, it is close to the top when it comes to this but it still has some of the highest prices for almost everything in Europe, including 2.4 euros per liter of petrol, yet individual income offsets this balance only slightly, the ones that make it rise to the top are some that are completely distinctive to prices, like education, freedom, political stability, environment, infrastructure.

So just looking at inflation and prices is no way to picture the quality of life or standard of living for a country.


Oh, wait for the next election, you might elect a far-left that will make everyone poor so you won't have to worry about the wealth of others anymore.

If you have a good government that improves business management, its prices are not supposed to rise, and therefore all the government's interventions will be cosmetic and will increase the problem.
But if inflation levels increase in your country, then you are in the middle of the problem, which needs individual solutions more than collective solutions, which may be represented in:

• Buying assets: Whatever their nature, investing in assets is better than keeping cash.
• Buying shares: If you understand it and love to take risks, buy shares.
• Buying gold: It is one of the safe havens.

Going by your complaints, i can guess that your country is a capitalist one. A Laissez-faire economy would always put the poor in a difficult situation, the rich will get richer and the poor would get poorer, it is a system that favors inequality.
I don't think transportation has anything to do with it, when there is a rise in energy price it affects nearly every sector, it is natural gases, electricity, etc that companies and industries use in the process of their production, so i think since they pay higher to get it, customers will have to pay higher to purchase goods being produced. Government policies that caused a reduction in the value of money is also another reason.
Countries have their own individual natural resources which they develop for local consumption and for exportation to other countries that do not have, the same process is also vice versa. Some resources are obviously more imporatant than the others and cannot be done without, meaning you must import them from countries that have it. I do not know how diversification can come in.
So other than these, what else can be used to get a broader picture of the standard of living for a particular country.

Resource crunch is a major problem the world is facing. We have become and more materialistic, both quantitatively and qualitatively. Previous self sufficient rural economies have been replaced by international supply chain dependent consumer good suppliers. But there is cost to everything. The cost is destruction of natural resources leading to their scarcity. Our generation is now seeing the aftereffects of extreme consumerism. We need to accept  it. We need to embrace minimalism to make sustainable development and make world more livable

Talking on sustainable development, I think the agricultural aspect of life is now suffering which is coming to humanity in the way hard times is taking over the day. Maybe the world is feeling the effect of mechanised system and industrial revolution because back in time inflation was hardly in daily discussion.

Well, short answer, everything, the long one is on the wiki:


This is the problem with it, it comes with funny situations, for example, the US gets penalized for public transportation, but for most of them, it's pretty comfortable and affordable to drive in a car, so a country might score more points despite putting their citizens through 3 commutes for 1 hour rather than 20 minings of driving. Political stability, lol, Turkmenistan has the son of the former president in charge and they have ruled since 2006, while the Netherlands has been going 9 months with no government.
Romania has 96% housing ownership, Switzerland one of the lowest in the world with 35%.
Healthcare is cheaper in Russia than in the US, yet the average male has a life expectancy shorter by 10 years.

And coming back to inflation and prices:
Turkey has a 70% inflation rate, Bangladesh and Honduras 5%, which one do you think is better to live in?
Botswana has double the purchasing power per capita of Vietnam and the same as China, do you think it's really accurate?
If somebody earns 10k and spends basic necessities 4k, he can afford a 100% increase, if somebody spends for his food and rent 1000 but that makes 90% of his income, a 20% increase will make him unable to live on.

Rather than asking about the standard of living, you should simply ask if the price rise has made some people forfeit their plans of buying something, far easier to answer, and far easier to quantify.

if there is just no mortgage to pay many of the people in my country may have a considerable living standard. there isn't a job that could sustain someone to provide for his family because mostly today employees are under 6 months contracts and they need to find another job after it. the call center jobs in my country somehow can sustain there are lots of these jobs are outsourced in my country.

if government/politicians just prioritized food security by not turning the farmlands and rice fields into housing development, we may have lower prices for food. my country doesn't experience winter, we could really keep the supply coming without interruption.

In my place, the living standard is going well, better than in 2017 (5 years ago). Even all prices are hiking, but not so much (except fossil fuel of course). The electricity bill not hiking up, but the water company is always making a sudden change in the price without notice. But the big difference is how technologically advancement is struck the daily living like we no longer use SMS and legacy phone call, all communication goes to VOIP or instant messages like telegram and everything going hassle after 2020. Manners are past now and welcome to the era of the rage where manners are long gone now because no (less) physical interaction for one year and the communication standard is lower due to online public communication with wide educational level (the most uneducated person is more likely in the online space). It's not about the commodity but we are just waiting for world war 3, the end of the world.

Cost of living to salary is still very poor here in the Philippines. The minimum wage sucks, not a lot can afford to have a complete set of meal for the day, and literally everything is just in shambles for those who aren't employed in the metros. The situation is not so grave but still very alarming. They need to impose a reform on wages, else a lot of people and families can slip very far below the poverty line. They only create band-aid solutions, not solutions that really help reduce the number of people in the said statistic.

Prices of goods are also going haywire. Everything is going up except the wages. And, worse part is, it looks like the one who'll win the upcoming elections is someone who doesn't have any background in any academic field!

As far as I can see in almost all the countries post covid, just one thing has happened which is the widening of the gap between rich and the poor. In my country too the very same thing has happened, the riches have become even richer, especially the wealth of a few has grown exponentially while a few below the poverty line have just gone even down in their wealth chart, while the governments play the game of saying that all the statistics are lying and we are doing pretty good as a country. In a developing economy you will anyway see a rise in the standard of living in 5 years time frame unless you are in Sri Lanka or Ukraine.

Considerably, there's been a decline in the standard of living in my locale, the price of goods and commodity has increased, very different from what they used to be five years ago.  Five years ago, i'm pretty sure no-one expected the price of things to be as high as they are currently in my country Nigeria.

A lot of factors have contributed to this and not necessarily only the Russian-Ukraine crisis. There is Corruption, bad leadership, insecurity, and also a case that we are over dependent on our petroleum products, so any global event affecting crude oil market affects us considerably.

Five years ago from our current year will be 2017,  consider the cost of these commodities from 2016 till our current year.
https://i.imgur.com/dBzUhMx.jpg
https://i.imgur.com/BkMcDeM.jpg
 source  (https://www.google.com/amp/s/www.aljazeera.com/amp/economy/2022/4/29/infographic-how-expensive-are-everyday-items-in-nigeria)

These are just the cost of some basic food items, you can agree that the increment and rising standard of living will also reflect on other basic necessities like Clothing and Shelter.

There is no indication that these prices will come down anytime soon.

EU & NA countries had inflation issues prior to the war because of irresponsible COVID policy and money printing. Bitcoin's deflationary by nature, and normally the price of goods should be controlled strictly by free market supply and demand. The problem with COVID involved the government stepping in and creating debt for themselves by stimulating the economy through money printing. Increase the money supply, and the demand will increase. If a country, hypothetically, were using a crypto currency based system, they'd think twice about locking down the entire economy because they don't have the ability to lend themselves free cash.

So you would expect prices to soar if Bitcoin was the main central currency in any country, but you'd also expect those prices to reasonably stabilize/decrease following supply normalization. Inflation is the rate of price increases so even if the war is resolved and the supply chain is corrected, the money's already been printed. The prices don't go back down.

Targeted inflation rate is at 2% every year. The least Bitcoin would do is not lower your purchasing power by 2%.

What is clear is that all the necessities of life have gone up and unfortunately the income received is not in accordance with the necessities of life, moreover the rich are getting richer and the poor must be smart to find income to survive.
And in the country where I live compared to five years ago, the salary of today's workers still does not match the needs of a month's life and they still have to look for additional income because salaries have only increased slightly.
so for now and in the future being creative and having these skills is a must to have additional income and not depend on salary so that the necessities of life are met even though it continues to increase.

I can feel the inflation skyrocket here in the EU. I'll give you a few things as examples and all that compared to the last Bitcoin bull market of 2017/18. Since then my rent has doubled and so did my water and energy bills. Inflation went up by about 100%, it's hard to say where it really is now because different sources produce different numbers. I know a guy whose mortgage went 2x in the last 2 years. At the same time our salaries increased maybe by 20% and minimum wage did the same. It was hard with the pandemic but it's even harder now thanks to Putin and his stupid war.

My standard of living did not change. The only difference is that I had plans to buy a few things, change some stuff around the house, but now it will have to wait. I'm not going to have enough cash for all that with current prices.

The standard of living was increased by the price increase everywhere.People was suffering a lot for this economic crisis.If this survive for the long period,their will be poverty in the developed countries.It’s very complicated in the crypto currency market.The price of bitcoin had crashed a huge now.In my country also their was huge rise in the price of food items.

Aside from that due to the Russian-Ukraine conflict, the cost of electricity and commodities that is tied with oil increased significantly.  The monopoly in the industry plus war conflict is really killing households with its unreasonable charges and price hike. 

I don't know how to measure the standard of living in my country because what I see is that more and more people are poor here...

during the last 3 years (the beginning of the covid19 pandemic) the level of social inequality has increased dramatically, many have gone bankrupt (civilians) but many have also become rich (average member of government), besides that our government has also started increasing taxes to cover expenses which they say are slovenly. I don't know what else to say, I'm quite grateful to know bitcoin and my economy can be helped because of bitcoin.

Prices of the commodities surely affects the standard of living but in my country, Social media becomes the standard of living they are trying to impress more people online even if they are broke in reality, they are living with the lies and now most of them suffering from a big problems. Standard of living my place is really different, though I’ve seen a lot of changes over the 5 years but still, many people are suffering because of their own pride, the standard for them is very high because of their over expenses. Overall, our economy becomes better, I can see good infrastructures and our government really did their best over the five years and guess what its election week in my country and I’m looking forward for the next 6 years for a more better country.

If people still doing with pride and showing off that means they are still looking comfortable may be your government has made good effort in the economic that people still benefit enable them to show pride. If they can't find food to eat they will not show pride. This is what I think on that because a pride person has something to fall to , if they don't they won't show pride.

Standard of living has been increased for so many reason, the usual simple things before are slowly becoming a an expensive thing today maybe because of growing population along with the inflation. For me, my country is already on a better place since we are experiencing a lot of problem over the last 5 years but still the government able to have a good project that can affect a lot of people and that’s really a good thing.

The problem is with people if they want to show off even if they don't have enough money to sustain their fake lifestyle and its their fault if there's bad happen to the because they didn't live according to what salary they get. If they spend above on that then expect what will be their fate in future and if they blame to the government what happen to them then we can see that they are not good to follow.

Standard of living change and inflation rate rise up so I guess people need to spend smart on what they receive because if they keep counting on what government can do to them then maybe they will just pissed off if they cannot get what they expect to them.

In the 3rd world countries, inflation is caused by the rising rate of dollar. Dollar is the causes of high prices of goods and services in the 3rd world Nations. Like Nigeria as a case analysis. In 2011 to 2014 when Goodluck Jonathan was the president, Dollar Exchange Rate was #150. That is, 1$ equal to #150. And when Mohammed Buhari became the president in the country in 2015 to till date. Dollar Exchange Rate is about #588. That is 1$ is now #588. And to meet up the living standard in the country, sellers of goods have to increase their prices to meet up the dollar rate for exchange. And that makes living costly in the country.
https://www.ngnrates.com/market/exchange-rates/us-dollar-to-naira/black-market
And the Average Nigerian was not living with a dollar a day as of 2011, when a dollar (1$) was #150.  Okay, tell me how the average Nigeria is living now.

The only way to reduce inflation or cost of living in the 3rd world nations, let all the 3rd world countries adopt bitcoin as their fiat currency so that the neo colonialism, neo imperialism, neo oppressive tendencies will be eliminated. The adoption of BITCOIN is the only solution to the world inflation, mostly the third world countries.

Inflation has been a big issue too in my country that makes the poor people even struggle more for daily survival. I remembered our country's economy was quite stable then before pandemic but when pandemic hits the country, its revenues and income drop as well. Thus, making the prices of daily necessities very expensive that even the rich people also reduce their purchasing power. Now, i think inflation will be here to stay for good, and that people should be smart enough to manage their funds so they can still provide their family's basic necessities.

Standard of living, it is very difficult to judge whether the standard of living in our respective countries is appropriate or good or not. Every country has conflicts and problems at different levels.
Economic and financial capabilities are also very different. In fact, in my country, it is very obvious.
If we live only to fulfill and live up to the ideal standard of living then sometimes we can't. Sometimes we live under pressure and so it makes us unable to be in the zone of our ideal standard of living.

I saw and felt that the basic necessities at that time were very scarce even though we were the producers of these raw materials. And when the price of this item was increased to 2 times, suddenly the item was available in abundance in just a matter of minutes.
And I also feel that the price of today's necessities has really gone up drastically recently. While the salary did not go up and the same. So what other standard of living should be maintained if in these conditions?

I'm just going to judge this based on the cost of goods and services and compared to back then when I was a kid, it has increased but not to the point where it has heavily damaged OUR living standards. I can't say the same for other families though. Based on what I remember a decade or so ago, the increase in price could be scaled to around 30%? It might be higher on other services or products, but most of what is needed (at least for me) for everyday life increased by that much iirc. This is in PH btw.

I can't say that it's THAT good though since the minimum wage is still fairly low to properly support your family.

     Everything has definitely changed sharply from bad to worse in just a short span of 5 years which became even more difficult with the emergence of the covid virus and the war between Russia and Ukraine. Not to mention the natural disasters that took place within those 5 years that have really pinned us down. Even the government is struggling more than it used to in supporting the affected places by these natural disasters mostly the people, their livestock, farms, businesses and so on that has negatively affected the economy. Heck, even the places that were not struck by the natural disasters are struggling with the lack of jobs specially at the times of pandemic when most of the businesses were shut down. Right now, only those that are quite resourceful or have careers that enables them to work freely despite the pandemic are having an easier life than the rest. The others, still suffering. At least though, the lockdowns are not that strict anymore enabling most of the businesses to operate and open up job vacancies for others. But still, the inflation is very difficult.

the standard of living in our country now is very difficult, very much different from the year before the pandemic, before the pandemic we still had steady jobs, but after the pandemic hit the world, our economy was destroyed, almost all companies in our country gave layoffs to workers, now work is difficult in search, the government raised the price of oil and the price of basic food, to be honest if I could I would definitely move to another country, which is easy to get a job.

I used to think production of local foods helps fight inflation but the reverse became the case in many countries in Western Africa. Funny enough this will be used as a campaign strategy for 2023/2024 election in many West African countries. But i think many will rather switch from menial jobs to digital services to meet up with the inflation 

it's true as you said the standard of living has increased now, because of rising prices everywhere, while jobs are very difficult for us to get, expenses and income are not at all appropriate now, plus the world is still in a pandemic, our activities are limited, that's for sure our lives are getting destroyed, so now many people want to know the world in digital, to find income, crypto currency is a solution, but unfortunately in my country all of that is still limited.

That's true, local food production needs to be done in a self reliance manner. This will increase productivity as well as fulfill the self requirements. In recent years corporate networks have begun to get into agriculture, so this too gonna be a problem when they use different techniques to increase productivity which can't be afforded by the local productions. Anyhow soon people will raise for food if the inflation increases this way.

In my country the living standards of common people have affected big, but the corporate and the rich have multiplied their network during the pandemic. Also the government is standing on the side of the rich and never prioritise the suffering people.

Definitely bad. Commodities like lentils, herbs, wheat, chicken eggs or even hard commodities are getting at its peak. Even the vegetables in the local markets are 2-3x pricey so no we are not doing good at all.

The problem is our society is not perfectly circled. The jobs we are doing well what they care about daily lives and how things are working up? The salaries are not at all getting hiked. That remains constant all the time so how we gonna tackle the inflation at all?

The average families here rely on each others wagers and we have no hourly wagering system which means a fixed salary is credited every month and have to work the finance based on that.

Its bad, its calamity!

Depends what you mean by far-left, but I'm certainly not advocating a far-left party as a solution. Communism in practice leads to the same overall result as would be obtained with utterly unregulated laissez-faire capitalism... the establishment and entrenchment of an elite minority, whilst everyone else can go f*ck themselves and scrabble about as perpetual wage slaves, with zero chance of digging themselves out of the dirt. The problem is not so much inequality of outcome, it's more inequality of opportunity. Any system that has a direction of travel and lacks a counteracting force will be exploited; my issue with far-right governments in what are (nominally) capitalist democracies is that they are pressing in the wrong direction, and so work to enable and promote quite egregious abuse.

I believe this is what that has been experienced by many countries and it has affected the growth and development of economy activities all over, i consider if US can as well go on inflation as a result then it couldn't be a thing of surprise anymore when other countries are lamenting on same challenges, the pandemic of covid 19 has just begin the unveiling of it consequence on the growth of the economy this year but i don't see this extending beyond 2022.

5 years ago was totally different, I pay less than 2 dollars for chicken per kilo, now it is more than 4. Inflation is the roots of all of this, but the best things happens in times of crisis for us. Our elected president was so smart that despite the pandemic, he still manage to lift the country up. So to cover up for the high prices of commodities, he gave people an increase in salary, mainly the government employees and my wife was one so I am thankful with that. He almost doubled it, also he gave money to the poor with not enough income to feed the family. If he wasn't been our leader, we would've been on a different path, maybe we were next to Sri Lanka or even worst than Ukraine.

Well, a lot of things have changed ever since pandemic started. People started to lose their jobs so unemployment rate have increased, most of people in the lower class are being dependent on government's help, and the national debt of our country also increases. But despite that fact, I'm glad that our government was still able to support our people like, medical frontliners and other workers and still creating more jobs for the people. The price of oil, gas and other commodities also increase in my country same to other countries due to Russia's attack in Ukraine. Standard way of living of most people have changed so much especially the poor. So let's hope and pray that every bad thing happening all around the globe would soon stop because it is being too much and the poorer ones are the one being affected the most.

My standard of living didn't really change much in the last 5 years. I got so used to buying the same brands over and over again that I rarely change my spending habits. What I did notice over the last years is that I have to spend more and more money to keep my standard of living constant. 5 years ago I spend between on average 15-20 euros at the supermarket. Now I always spend more than 25 euros for the same items. What makes me afraid is that we are just at the beginning of the new inflation wave. Goods and services increased a lot in price recently, but the average wages didn't change. So far the employees are losing a lot of purchasing power in real terms. We will likely see a larger number of unions going on strike and demanding more money. All that additional salaries will in return bring the companies to rise prices even more.

Generally , I would say the standard of living in my own part of the world declined as unemployment and inflation numbers were on the rise.
The gap between the rich and poor is increasing by the second as the wealthy management executives and politicians barely felt the increment in the prices of goods and services.

The covid pandemic saw lots of countries go into recession therefore a sharp decline in the standard of living. I would think developing countries felt the full impact of the economic woes that followed the pandemic

Op, it's a nice question about the standard of living, and it's interesting to see how others feel about their countries. I must say, however, that people often judge such things by personal circumstances (what sort of place they were in and where they are now, and maybe their relatives), but that isn't always representative of the overall population, which is why looking at puchasing power assessments, average prices and salaries, GDP and inflation rates is important. My country in Ukraine, so I don't know what to say. It's obvious that right now, many people are much worse off than they were before the war, and it's likely that the hardship will continue after the war for some time before the economy can get back on track. But before that, I think things were going okay. The prices were rising, yes, and the inflation rate has not been ideal, but the salaries grew significantly as well, and I was much better off in 2021 than 5 years before that.

The standard of living has certainly gone down in the United States thanks to the coronavirus, Ukraine/Russian war, inflation etc.  The one good thing is the job market has been pretty good of late, but otherwise people are struggling quite a bit.  One of the big differences is buying things.  Everything has skyrocketed in cost at the grocery store and not to mention it's hard to get a lot of items that you had access to before all this happened.  

Unfortunately I think we are in for a long ugly ride before all of this turns around. We first need to get this war between Russia and Ukraine to end.  It's ruining so much.

In our country, the inflation rate is continuously increasing. The unemployment rate is also increasing because some businesses and huge companies are filing for bankruptcy because of inflation. Corruption is getting worse and the people are being divided because of politics. As for me, the current situation in our country isn't getting any better and we're also affected by the war between Russia and Ukraine.

I think it will continue to improve, it's just that the difference is sooner or later. What I'm observing now is that there's an acceleration that makes us really feel the effect. Especially when it comes to politics, I think almost every country experiences the same thing. I also feel there is no solution for that because the times are also advancing. The difference may be in some developed countries will be slightly better, compared to developing countries.

Since we can't do anything much when it comes to politics, on the other hand, we can look for ways on how to improve our situation. We can't blame forever our government regarding the negative things that we are experiencing. It lies on our hands now how to combat this situation we are in. Small initiatives can make big impact on our lives. Few examples that we may neglect are planting on our garden (if you have space, even small one), selling pre-loved items that we don't need anymore, accepting odd jobs. And also live simply and in frugal way.

The impact of the war between Russia and Ukraine is also very much felt in my country, even the price of oil here has gone up 200%, this is really crazy while people's incomes are still not fully recovered because the pandemic is still lingering.  Governments in many countries ^{(poor, developing and developed)} are currently being forced to think hard about the fate of their citizens because it is their obligation as leaders elected by the citizens.

Standard of living in my country right now is nothing to write home about compared to how it was in the previous five years, honestly, things have become very bad, commodities have either doubled or tripled in price compared to their prices in the previous five years, a dollar five years ago was 150 in my local currency, but today a dollar in my local currency is currently about 590, that's almost 600, that's more than triple of what it used to be five years ago, this has affected majorly everything in the country, businesses, cost of living, basic amenities, education, sports, tradition and culture, you name it, everything is affected.
I just thank God for cryptocurrency through which He has blessed alot of people and is still keeping others away from going into crime as a means of survival.

I think you guys don't understand what the standard of living means. If the price of the goods have increased, that won't mean that the standard of living of the people have also increased but it supposed to decrease because they will now budget their money.

An increase of the price won't be a big problem if only the salary of the workers will also increase too but nope that's not how it works unless maybe if you are close to your boss and he has a good heart, he will up your salary a little bit because he himself already knows how hard the situation is. You can't just say that the online world or crypto is the solution to fix this but I think the government is more responsible to this.

It’s really their responsibility to balance the economy and everyone is affected by the current war especially those countries who have a current deal with Russia, well that’s the result of their actions. The standard of living is slowly increasing and in my country you can feel the effect of that almost every Month because of the volatility on the prices of commodities, i think if the problems continues my country will suffer more.

It's good to know that despite the standard of living steadily on the decline in your country coupled with the inflation rate, that you're doing well for yourself.
That said, I don't think God has anything to do with cryptocurrency

Well, it has changed a lot.

Before I can save during paydays and that was a big help to me. But right now, I have to sacrifice some things that I like and won't buy them just to afford the other necessities that I need.

Inflation is rising and with the war, the oil has kept on increasing almost weekly and I think that it shall continue until the end of the year. When oil is the one that's being affected, all things are really going to increase and their cost will definitely hit the consumers like me and you.

The increase in prices in my country began a long time ago and continues to this day. Many things have risen in price by 2 times, so I know about inflation firsthand. I can say that even with such a situation it is possible to cope, it is enough not to stand still and constantly develop. Perhaps if I had paid attention to cryptocurrency earlier, I would not have lost so much money through inflation.

Inflation is high everywhere in the world and there is nothing we can do about it. The price of goods and services are increasing and we have to do our best to make sure that it doesn't hit us so hard. Everywhere in the world is facing this challenges and it is left to the government to do something about it or things are going to get worse. Many persons are complaining of hardship which there is need for the government to step in.

Oil price increase is the big thing experienced throughout the world. When the transportation cost increases, automatically everything is getting increased. To overcome the ongoing oil price issue only way is to move to set renewable energy production. To the increase in the inflation, the governments were increasing the interest rates. By the time people should be provided with the increase in the salary. Governments and the corporate networks never take this into consideration.

The problem is the government authorities can easily increase the oil prices, but very hard to increase the wage of their workers. Usually, it would take a lot of discussions before the government will increase the compensation of workers. And before that happens, there are so many increase in oil prices already that we can't even catch up the rising prices of basic needs. In this situation, either we need to find additional jobs or ways how to save from our everyday expenditures.

The sufferings of a common human being is the same globally irrespective of country because gas prices are rising, interest rates are rising and since gas prices are rising all the goods and services will increase in valuation, so it will be hard for everyone to meet their monthly budget. Basically the savings will be low as the expenditure will be high due to inflation.

People who are living in unrest and in a war, the situation will be pathetic to being with, people fleeing for their lives leaving all their assets they built till that time is not easy. It is better not to compare the global unrest along with the people facing war and misery.

The production of farm produce locally do help in fighting inflation. If a country could comfortably feed itself, food shortages would not be felt during these hard times of recession and inflation. If a country imports more than it exports, inflation isn't far off and it definitely would be hit hard in times of economic troubles. I think countries should strive to be self reliant in terms of food production and sourcing of energy. We also need to diversify in order to be self reliant and less dependent

Being self reliant is good with the countries with small population. For countries like India, China, USA the dependence on the export and import plays a big role in the economy. Even with the food production these countries are big importers, but during the pandemic suffered food shortage. In most of the growing and grown countries the good part is revealed to the outer world whereas the slums were kept hidden. This too a reason for the country's bad economy. This recently took place when Boris Johnson, Prime Minister of United Kingdom visited my country

The standard of living reach to such a horrible level in my nation that people are literally feeling trouble paying for the bare minimum things. What do you need in order to survive? You need to live in a house, you need to earth, you need to go to your work and come back, and you need clothes.

People in my nation are having trouble paying for these basic stuffs, electricity, heating, internet, all of those. I mean we are not talking about anything luxury here, we are talking about things that you need in order to stay alive and right now it is not affordable to around %20-25 of my nation, and it is not that easy for half of them neither.

Human needs can never be meet no matter how much income the earn. Diversities in sources of income can atleast meet the day to day running of man. Not all skills give time for multiple sources of income some are time consuming and doesn't give chance for anything else of one should learn a skill in this era it should be one that can be done remotely with enough comfort

The war and the epidemic had a very negative impact on many countries from different continents. One of them is my country. With all the problems, the government's wrong economic policies affected people more. If we add the dependency on Russia and Ukraine in energy and food, the situation in Turkey is difficult. However, our nation is used to such crises, and at the end of the day, we win our fight  :)

you can achieve a lot, here in Canada if you put your mind to it.theres so many opportunities in Canada The working system is different from other countries.But cultural adaptation is the key, and you'll love it here. Expect the cold.

It's the same in my country where the prices of all necessities have gone up, and people seem to be forced to get used to this situation. This makes people increasingly depressed with the necessities of life. What can be done is to reduce secondary or tertiary needs so that we can manage personal finances. on the other hand we must be able to find new sources of income to meet our needs and do not forget to invest as a guarantee for our old age, because we are not always productive human beings

Yeah, everything has increased.

Cargos, shipping and land transportation has been the first one that gets affected and everything they transport especially the goods and products, they're also going to increase.

That's how it goes.

And it doesn't look like there's a clue that it will be stopping or decreasing soon, there's really no way out of it until the war ends.

I've heard a lot of good statements about working and staying in Canada and seriously I wish to go there and work as well so I can provide money for my family, well Overseas workers are the best export product of my country and that's the best way to increase your standard of living because if you just work locally, I believe it will take a decade before you able to have at least a good life. Standard of living here change a little but still there's a lot of problems that still need to be addressed.

Same here because everything is going up we have to adjust the expenses and prioritize the needs over wants. If you have $20 you can only buy a little goods here not enough if you're six and above in the family. Inflation is hitting us, services and goods are increasing but the salary for the average workers remains the same. Its necessary for the Government to increase the pay rates because people below are greatly affected.

all the world feels a very extraordinary impact, let alone poor countries, even rich countries are now feeling a very extraordinary impact, the standard of living in almost all countries has decreased drastically, after we were tested with a pandemic now added with the Russian-Ukrainian inflation, can it is said that the economy in my country is now in ruins in all respects.

Surely there is a significant difference about the economy that I experienced, before Pandemic when many activities such as school, office, factories and so on made some of the businesses that I managed well, but when the pandemic was still quiet, and made me have to reduce the post of consumption .

For each person to person The Standard of living are quite different.
My country hold good qualities for what could you so called Standard of living.
As for me The basic Standard of living are.
The stable Job Witch i like to do each and every day without being bored.
A beautiful and loving Partner to share all my worries and On whom I could depend and she depends upon me without interfering our persona space.
My place to live in peaceful home country.
that's all we all need I think

It is indeed up to the person's priorities in life how he will define a decent standard of living. If you are at peace and contented with your life, sometimes, surviving each day is just more than enough for you, with no health issues and you are living decently with your loved ones. I have the feeling that after everyone experienced the pandemic period, some of their priorities switch to a more simple way of living and simple goals in life.

Perhaps some people changed their ways and now they are able to see the big picture and enjoy a more simple way of life, if that is the case then even with the rampant inflation we are experiencing then they are going to remain happy no matter what, however I think many went to their old ways as soon as the restrictions due to the pandemic ended, and now they are surprised that the money they have buys a lot less than what it did in the past and they are really not happy about this.

I work in an office with a monthly salary of around $500 per month, monthly rent costs around $75, consumption costs around $250, so the remaining money I can save is very small, and I will use it for business capital one day, many plans I want to realize such as selling fruit because of the huge profit potential.

It's true. After the pandemic, people began to live easier. They began to appreciate simple things such as human relations, help and mutual assistance. I think that the constant race for wealth has disappeared. Maybe this is a temporary phenomenon and soon people will again want to seem richer than they really are.Although now is not the best time for this. Inflation and rising prices make it difficult this.

Just keep on grinding, we all have our own battles to win and you're doing it right. Do not forget to invest as well so while you work, you're also working on your business.
And at the same time, you'll be having to watchout for your investments. But they'll come at the right time so keep up the good job and never stop doing what you think is right for your path to success.
My way of living has changed a lot but everything has became more expensive this time will all of those problems that we've been facing but still fine. I just have to increase my income stream.

I dont really believe about the race of being rich or  wealthy has disappered.It is really just that the situation do really make things unable for them to do so but once this pandemic would be over

then you would surely see that it would really be coming back into those standard or typical things that they had been doing.No one would stop until they would able to get on what they wanted.

As for standard of living then it would vary and speaking of inflation isnt something that could really get rid of with.

Not much has changed for me personally, but that dosen't mean it's like that across the board. It's a far more comolex question that has to take into account economic trends, mobility, job oportunities through a span of several years. So things have and have not changed, but objectivly, less then we all thought would when the pandemic started. So that actually makes me more worried how the recent events will effect us.

since the existence of covid-19, the country's economic inflation has increased and several policies to overcome covid have an impact on the people's economy so that people's living standards are not met and until now the economic recovery is still not optimal, one of which is to minimize high poverty the government provides assistance in the form of capital for micro businesses and social assistance for the community in the form of basic needs

COVID-19 has indeed had a very large impact on human life, which has made the economic crisis even more intense. Which makes the standard of
living of many people in the world unfulfilled, moreover the government's ability is very limited to help their citizens. So the economic recovery is
slow and the poverty rate is increasing nowadays, this is actually our problem together. We can't just rely on government assistance to recover
the economy quickly, and blamed everything on the government with the deteriorating economic situation. We can start from ourselves to try to
improve our own economy, by using technology to find ways to make money. One of them is the crypto industry is an opportunity for us to recover
the economy, because there are many ways in the crypto world that we can do to make money.

But at least we are seeing some recovery compared into last year.Lets hope that there would be no another variant would exist so that we wont really be going back to the start because its really that hurting the

economy plus we arent get used to this kind of living where everything is really that isolated and very strict in terms of exposure.For now we are seeing some recovery which we do hope for it to be continuous
We are finding different ways for us to sustain ourselves in terms of finances and .its not really something that very easy or simply a struggle.

Ever since COVID-19 hit our country, a massive change on the standard of living as our country suffers too much where our government decided to lend or loan monetary assistance from other country. Up until today where continuous effort is currently being done to change or recover from the pandemic, very little change can be seen from the way or standard of my countrymen living. Especially right now, which the prices of diesel, goods and other necessities has increased due to the current war between Ukraine and Russia.
Another thing to consider where our country might even be more affected on the standard of living is  the current political aspects which where a corrupt presidential candidate might be elected.
With the current election which the running lead for the presidential position which has a bad record from other countries due to their corruption, some foreign investors are now pulling out their businesses here at our country.

The standard of living in my country continues to rise, inflation of more than 8% per year makes basic needs continue to skyrocket, now my country relies a lot on imports for living necessities such as oil, wheat, sugar, and so on, a year ago I could save around $150 per month, but now it's difficult to save even if it's only $100.

Your fate is much better than the people around me, you can still eat and you can save, but where we live, it's hard for them to find a bite of rice. , but luckily I can still make money through bounties and can increase my income, and can help people around me, to survive.

That wasn't a bad salary only if your expense is a lil bit cheaper but I guess you have no choice for now but to stick on your job until your saving is enough to start your very own business. Being a fruit seller is nice since there's always a demand for fruits especially on our current time now where there's a lot of viruses. They say that no one gets rich in working (working for others, ex. office jobs,..) which is why people are always eager to stand on their own foot and build their own businesses.

Let us not forget that cryptos are also a good addition on the side, to be able to earn passive profits through staking or investing but i think you are already doing this? Since you don't mentioned it.

I think it's global issue but my country is worst hit by Russia Ukarine war crisis. Cost of living has gone so up, basic necessity of life like patrol prices, house rents are gone so high that a common men can't afford a quality life these days. I work part time in crypto to meet my expenses.

The standard of living in each country is certainly different, in my country the cost of living 1 person around $ 180, there may be someone who lives with $ 50 or less but of course many things that cannot be obtained, electricity subsidies, health and education are increasingly reduced so as to make the burden of life in my country The more difficult, especially many companies are bankrupt because of Pandemi, and cannot compete with imported products from China.

Worsening standard of living, on average, around the globe might still worsen. In Shangai, China there's about 63% of factories owned by Japanese companies that are not operating, and the operating factories are running only at around 70% output. Those factories probably should be producing goods that different regions in the world need. It's very obvious that it will impact the global economy negatively and therefore, also your standard of living, but it has not been felt yet.

Inflation is now a global problem and makes living standards increase,
in this case it is very important to have more than one source of income and one of them can generate from a bounty like you,
hope that economic conditions around the world can return to stability

Yeah, I am hoping to, but I am sure this will take years, hopefully. Also, having a side income is good but still difficult nowadays because of the high unemployment rate. As you know, most people now are finding other sources of income because of the pandemic. It is not easy, but we are glad that we do have signature campaigns from which we can earn. The biggest problem right now is that the prices are high but still our income is the same, so we can't cope with the price and it's really difficult to buy foods or other things. I am also hoping that our salary will increase.

We have the same salary rate, maybe we are in the same country. It is kinda hard to live now in our country, the price of the goods is getting higher and the oil is getting more expensive than it was before. It is really hard to have one job in this country that's why I have some freelancing jobs together with my 8 am to 4 pm job every day just to sustain our needs. Pandemic really affects us, luckily we don't have any debt since the pandemic happens because I really try to earn more money not to ask for anyone to help or ask for a debt.

I agree, the race for wealth will not stop. But people for a while felt that there are more valuable things. Humanity has time to think about the meaning of its life and set priorities correctly. Perhaps this is exactly what we all lack in the fast pace of life. I am sure that most people have drawn conclusions for themselves and the pandemic has helped to do this.

We all seek quality of life. The standard of living in my country has not returned for years.
What do I mean?
It was common to go on vacation to other states and enjoy the beach or the countryside doing national tourism.
These activities ceased to be used since inflation began to grow. An adequate government strategy has not been applied or what has been done has not given results for the rescue of the country's productivity.

I could say that the great majority of us survived, other sectors of the population could have a better quality of life. I don't know if it was because they were lucky enough to be benefited by some elites.
Anyway, I don't mind, I prefer to focus on my family and offer them the best I can.

My country is certainly facing a hard situation right now recovering its own economy. People have suffered from unemployment due to closed establishments, good thing a lot of jobs are offered online. And all the goods and services have been increasing so high, that even rich people have learned to tighten their budget. I can say that these things were not as really as hard before the pandemic. Hopefully we'll recover soon.

 I think this is a normal life right now this generation since people had a big brain they will not adjust and listen they had their own perspective. I agree to have a freedom of our perspective but let think if that will be good to ourselves and to our country. People are just the problem but we can not please them to change it's just their own decision.

Yes, many countries are facing hardship in their various countries because of what covid-19 virus has caused in the world economy years ago. Some government are trying their possible best to demand for more money to end the suffering and to improve the economy that was collapsed during the pandemic. There was a decreased in crypto market price that is making people to panic because of the low price of bitcoin and altcoins that is not helping people to make a good profit in the market. I think, many people will use this opportunity to hold their coins and prepare well for the price to increase higher before they can sell to make a suitable profit.

The global problem part is the biggest issue. Back in the day we heard about places like Zimbabwe, Venezuela, Argentina, turkey and so forth who all had high inflation and what you buy from 1 dollar today could be 2 dollars tomorrow and that kind of thing and it was a shame but it wasn't common.

Today that happens all around the world, look at the gas prices all around the world, due the war we have such a huge one, well when that is high, this means transportation is expensive as well, which means whatever you want to use, will end up being expensive because it is transported for more money. So, it's a global problem and I do not know if anyone has any solutions to it.

Well, the standard of living in my country was dropping slowly pre pandemic , a lot of people were complaining how bad the economy was then and we never saw what was ahead. After the pandemic, things went down real fast and got worse than it used to be. The pandemic really ruined the economy and made things quite for a lot of people.

During the lock downs last two years in 2020 when the pandemic started, people went through hell, they were being forced to stay home when they had nothing to eat. It was a serious pain, but we still passed through it, and we survived. We are looking forward to something better in the years to come.

The bad days of my life started from the year 2020. Due to different reasons, some are necessary and some are unnecessary. I've got stuck into financial problem and I wasn't able to keep an end to it. Myself got into gambling and lost big, further some business loans, and everything keeps increasing the repayment interest. Atleast it takes five more years to go stable in my life.

I don't know how the rest of the people around feeling, but from what I see. The rich aren't much affected, because they've good backing. The poor ones who survive out of daily earnings suffered alot. However governments weren't good enough to support the needy.

If you look at the economic indicators of life in a particular region of the world, in my opinion, the picture will be similar to the oceans, with different levels of excitement. Higher level - higher wave level, lower level - lower wave. And all this is constantly changing, because. different areas of this ocean are affected by different factors - wind, temperature, internal currents, and so on. Yes, there are "bays of stability" somewhere, where the influence of external and internal factors has a less negative impact, but there are areas that are at the intersection of "currents" and something is constantly changing there. Since 2020, globally, the world economy has been negatively affected by Covid. Since 2022, the world has been shaken by war in the center of Europe. Ahead is still a difficult period of restructuring the hydrocarbon market in the EU. The crypto market has collapsed :) These are all factors that affect, to one degree or another, different areas, countries, individuals.
In 2018, all my "waves" coincided well, I was able to make good money, upgrade my housing, and much more. Good ? Well ! 2022 has come - my country has become a victim of the aggression of a crazy under-furrer. Incomes have fallen, it is necessary to help the army, volunteer detachments. The costs have gone up. There is still a long period of recovery ahead of my country, and income levels are likely to rise slowly. But I hope that the standard of living will remain at a normal level. In a certain number of years, taking into account the assistance of many countries, the "waves" will converge again, and most likely - the standard of living in the whole country will rise, and it is possible that my country will become a zone of stability for a long time, well, or a "bay of stability"

The Pandemic did really give out such impact in our lives and also into the economy on what country we are living in and since we do know on whats the importance of tax or revenue then it is really a part of countries

development and progress and since we have lock downs and quarantine situations then it did really make the situation change which turns out to be hard as a citizen and speaking of unemployment which this had been
a common problem but it become even more worst when this shitty pandemic happen.Standard of living is great affected even just talking or particularly minding of our own selves than generally.

India to ban wheat exports: https://www.bloomberg.com/news/articles/2022-05-14/india-says-wheat-exports-prohibited-with-immediate-effect

Citing food scarcity, an immediate prohibition on wheat exports was placed, affecting Sri Lanka/Middle Eastern countries most likely.

Note - if you're not from the immediate area around India where you might benefit from wheat exports, understand that food scarcity in countries across the world will cause a domino effect with each country limiting what types of materials they might export due to the fear they can't import enough.

You are going to have to pay more in order to maintain your standard of living. It is inevitable.

That's the first indication of famine, and that food shortages are coming. We should also be expecting high food prices caused by higher costs of raw materials for farming. Russia is the one of largest exporters of fertilizer, and fertilizer prices have been surging. Check your local stock market if there are agri-companies that produce fertilizer and other farming raw materials. Those stocks might be surging against the trend of a bear market. 8)

Plus it might be the best time to start collecting seeds, and start learning how to grow your own vegetables.

Standard of living in my location is getting more expensive everyday day. Food prices are getting high and the quantity thi commodities is been reduced,  transportation by road and by air is increasing on a daily bases. The price at which we buy things 5 years ago is now times 3 and it's affecting the poor people a lot because they are unable to provide it. The funny part about is that even if the government tries to stop steady inflation the prices of this goods are not coming down to its formal price.

What else can we all do if not to stay positive? That’s the only thing that can keep you going even when the situation is bad. The situation got bad in majority of the countries around the world.

But, one thing I always believe that we all can do better for ourselves is to not wait for when things are going to get better, rather we should work hard towards making sure that we are ahead and living a better life despite the situation. If you keep waiting for when things are going to get better, you wouldn’t see it.

At a certain point in life, everyone tend to go through some challenges that could be said to be a test of time, but even with that, life is pretty good on us to serve more opportunities to make it back on track, somethings were not just happening but are for us to take a look at how we are standing and make a little adjustment, we all learn lessons in one way or the other when things beyond our capacity controls happened, but our relentless pursuit gives more courage to live up to expectations with time.

Well, I can say working "hard" doesn't guarantee you success. I knew a lot of hard working people who didn't get the chance to atleast increase their standard of living. Simply because working hard isn't enough, working smart is always better than working hard. That's what an individual must acquire in this trying times where everything in the market is constantly increasing since the inflation rate during the pandemic and the war in Ukraine has caused us a lot of financial worries and trouble.

Yes; of course, because not all countries are the same. Some countries are already well developed and the cost of living on this countries are also high but to the countries that are still developing, it's a lot cheaper to live on here. In what country you are residing?

And was the 180 dollars you're talking about good for how many days, weeks? If it is per day then it is expensive to live there but if it's for week I think it is still kinda expensive but I think it will also depend on the person if how he will budget his money. If you are living alone, you can be able to budget more but if you already have your own family, you will feel shy to budget them.

Surprisingly enough, I think the self sustenance "prepper" type folks might come out on top. I would laugh at the paranoia of some of these folks, but perhaps they were on to something. For some global event to occur resulting in collapse of supply chains resulting in food scarcity, seemed slightly far fetched. Well, COVID was that event, and it's only compounded by the Ukrainian conflict.

I'd argue, though: If the world devolves into a state at which individuals must grow their own food, the standard of living has fractured so significantly, it might be beyond repair. Ask someone in the first world if they know anything about producing their own food. They know nothing, including myself.

This should have been where IMF shines and they failed as well. It caused so much debt and trouble for nations that even getting money from IMF meant that you need to be a nation that would be known to pay it back, plus if you gave it to just one place then everyone else wanted it. Not that they didn't give anyone anything, but it did take a while and that is the problem, it wasn't enough and they should have done more, with all the money they have.

I do not see a recovery from it, we are just going to get used to the new prices, as long as it doesn't get followed by bigger and bigger inflation, then it should be fine. We have increased prices, and we are just going to end up with what we have for now and hope it stays the same.

In our country - we have very strange politicians above us. They hardly care for the country and they are mostly on foreign tours on the taxes money.
We are still struggling for basic needs like electricity, clean water and transportation. I am not sure if my country will be a progressing country in coming years.

This is really the scariest thing. This will lead to the country's bankruptcy. The people of that country really struggle, and the price of food, etc., is really high. I am hoping that this will not lead to your country. In our country, the election just finished on the 9th of May, and I am hoping that the newly elected president will manage the country well the same as the current president, but I am confident he will. Corrupt police and leaders are really the problem within the country. I am hoping that this will be solved sooner rather than later, but I don't know how.

I always admire the developed countries and how they have maintained their standard of living.
I wish my country comes up to the same level where food, shelter and basic necessity are given free of cost. Hopefully one day!

My standard of living is increasing due to inflation factors, the beginning of the year several oil subsidies, electricity and clean water are reduced significantly so as to make the cost of production, transportation and so on to rise and make inflation that continues to increase, with a standard life of 3 meals, transportation to offices and rental costs My room needs about $ 300 per month.

Every where there is trouble - earlier it was due to COVID. Due to  bans trade and travel has stopped. Now due to Russia and Ukraine war things have been so much difficult. There is rise in petrol prices everywhere and that is the result of inflation - this hurting world will take so much time for the healing now.

The war isn't an excuse to justify the low living standards of my country. The social and financial situations have always been a mess here. It's a corrupt country where people aren't to be trusted, because they always want to take advantage of each other, from the lowest classes to the highest ones. I live in a rich country from the natural resources and territory size points of view, but all the wealthy given by the nature isn't enough to maintain a greedy wicked system where authorities from the 3 powers (executive, legislative and judiciary) are constantly uniting themselves in order to put their personal interests above the interests of the country and development of its people. On the practice it means authorities are constantly raising their wages, practicing and hiding the corruption schemes of their pairs, creating laws which benefit them and their friends, while also partnering with big businessmen for obtaining advantages and giving advantages at same time. In the end we have a country ruled by greedy corrupt authorities plus oligopolies generated and propitiated by the hands of the first mentioned group.

Of course there aren't perfect countries, but I have the perception mine is a free sample of the hell,... But for degenerated, selfish individuals who think the end justifies the means at all costs, it can be considered the paradise.

Funny thing there is no war here and people are considered pacific, although you can be stabbed in the back at any moment. So at time it's a pro, it's also a con, because in a war, at least the enemies are declared, but in a country like mine you never know who they are or when you are going to encounter them.

But we know that not forever to be something like this on which we might be seeing some glimpse of hope where everything had been resolved or something that had been patched up for at least we dont really suffer

that much.Its been part of reality on what we are experiencing as of this moment which is really very hard to sustain nor handle out but we dont really have any choice, are we?
So it does really affect our living but if you dont look for something alternative or solution then you would really be finding this to be hard.

Standard of living is different one with the money holding for it. The economic crisis was all around the world, So the top most economy countries like America and China will had a counter move against the Russia to solve this. If everyone think, it’s not their problem. Then who will take care of this phenomenon. And it was affected the developing country in a huge sense, So it should be solved soon.

chain problems caused by several sources of problems have not been unraveled until now so that other sectors are affected and disrupted. Indeed, during COVID-19, the cost of living necessities has increased, even more so with the Russian-Ukrainian war which had an impact on European countries due to the oil crisis. I think the continued existence of war will complicate the situation, diplomacy and improving the situation will be better for restoring the world economy

Well, I think I only noticed this mostly in 1st world countries or the most wealthy ones. I do see a lot of people or non-government organizations that are conducting or giving free food twice a week. For example, in the UK, they have foodbanks that those homeless people or in need of food can get from those for free, which in third world countries I don't really see a lot of. The government will only give you food if something happens in your place, like heavy storms, etc.

During last 5 years standard of living has changed completely. First of all due to pandemic, local tourism has improved greatly. I see nature tourism has become one of demanded amusement. Just build a small wood house, add IKEA furniture, put jacuzzi outside, add lanterns and you are ready to earn. People not prefer to spend time at such places, instead of going abroad for a vacation.

Food prices during last 2 years made a huge jump. Almost doubled. However, more people prefer to buy less but at an expensive show and enjoy small, then go to a cheaper shop and but a trolley with food.

People have started to build more property, even though less people can afford it. That is a dilemma for me.

Ive noticed, that the amount of goods and services have increased, yet people spend less. Not because they dont have money, but because people are fed up with everything, dont have interest or are spoiled.

I can attest that the inflation indeed impact the prices of goods and services as time passes by. If you're going to compare the prices of the commodities back then, the price gap is very evident. Way back, you can buy a lot of goods for a $200 worth here in our country. It can be enough for the groceries allotment in a month, but right now, it will not be sufficient most especially if you have mouths to feed.

The cost of living in our country is one of the cheapest in the world. However, the wage here is also low and not really competitive. Hence, despite low cost of living, people still get short on the budget. The hike of commercial goods prices, oil prices, as well as the transportation fee is really alarming because minimal to very low wage adjustment only is done. Moreover, the pandemic really added to this burden. Due to limited transport of the raw materials, goods prices increased even more. This is why I really do hope that we'll be able to bounce back soon so that the prices might recover as well as the citizens, since many were also laid off from their jobs due to the pandemic crisis.

It's been almost 4 years since I moved to the city because of work, in the city of course the cost of living is very high, now I'm having financial difficulties because the business I created was affected by the pandemic and made me have to be active to look for alternative income, currently I rent out several houses on a daily basis to years and make me able to be helped.

Standard of live everyone has increased or decreased tremendously. Due to COVID life all over the world has changed  so much.
But I belive all we need is simplicity and clean and green place to enjoy life. People have moved towards minimalist approach to have less and enjoy more.

Definitely there is a significant difference between the standard of living now vs the standard of living pre-pandemic.

In the Philippines, prices of fuels significantly increased. All the commodities and basic household items needed for daily living increased when the pandemic hit. Not to mention, though some of the stock prices plummeted, most have increased as well. Unfortunately, job opportunities lessened and unemployment + underemployment rates were higher compared to the time before covid hit.

Our living standards have changed a lot. Compared to the past years, especially in the last year, our living standards in my country have dropped down a lot. The purchasing power has decreased a lot, the price of everything has increased a lot. The problem of livelihood became the common problem of everyone. no one working began to be dissatisfied with their salary.

This isnt limited on Philippines alone but on every corners of the world where countries are really that heavily affected with pandemic but it seems that things turns out on gradually turn to normal.

Lets hope that there would be no more variant that would come out which would really be making things even more worst.Standard of living on each country would be totally different and thats

why we do have that first world to third-world/developing countries.So as a citizen then its normal on finding other sources of income which commodities and other things do rise
up in prices.

The standard of living in my country keeps degrading and going from bad and worst on everyday basis. Talking about Covid-19, my country really never much got infected but the government are the ones making it look like it really exist, just to embezzle more money. While on the other hand, Inflation keeps rising on a steady. Its just too tense out here.

Pandemic has caused a lot of damages to the world economy that is making many countries to experience what they have never experience before in their economy. The cost of living is too high for citizens to cope with their families, because inflation is spreading every day which is not encouraging people to live comfortable as before when the price of commodities was very low in the country. I think, many government are trying their possible best to eliminate inflation from the land, so that people can return back to deflation where people can smile again with the standard of good living in the land.

I recently gave up hoping that I would have a good standard of living. Something unexpected happens at all times and I just need to learn to live with that one way or another. It's obvious that we are not going to end up with anything bad, I am not going to starve, I am not going to be homeless.

However, I will never be able to buy the things that I want to buy or visit the nations/cities that I want to visit. Do you know how much money I need to save in order to go to Rome for example? I would need to save 20% of my salary for 3 years to have a good one week vacation there. Why even have a hope for that? A 300 dollar ps5 in USA, is around 1100 in my nation with shipment and taxes. I just want to wake up, eat, work, eat, netflix, and eventually die. That's all I can afford these days because anything else always goes to payments that are unexpected.

But, as a citizen of a third-world country, I can't help but feel that prices are still too high and that I'm struggling to buy our own food; even if I have a full-time job, it's only a minimum wage; how much more do the poor have to struggle to buy food? Though I could really see the effort of the government by like giving food and other incentives, this is a world problem because gas prices are too high. That is why prices of food and everything else are high also. I am also hoping that the price will drop soon or that the salary will increase so that people can cope with the prices.

My country is popular for fertile land, 4 seasons. There are abandoned Fruits and food is amazing here. For a foreigner it is not expensive at all.
Most of people in our country are very welcoming and every foreigner guest here in our country in a celebrity. I am not kidding!

For now our life is very difficult, some years we are in a pandemic, we find it difficult to travel abroad, our travels are limited, I used to be very easy to travel, and earning income in other countries was easy, but now it is very difficult, everything is limited , basic needs are soaring, plus Ukrainian inflation, oil prices are soaring, now I just hope this all ends soon.

Pandemic is still the biggest obstacle that makes many businesses stop, I used to open a small restaurant that could produce profit and pay 4 employees, but when in 2020 which made many social restrictions made me have to close my restaurant and now try to open again but almost 3 months still loses.

Tough time are no doubt difficult but they also bring with them possibilities and opportunities. Before pandemic, home delivery or take away are not that much popular. During covid, restaurant owners opened there kitchen and started home delivery. Even grocery stores kept there business running through home delivery. I know its difficult but we have an opportunity.

It's harder now, there were too many things that have happened in a few years. Speaking of traveling, there are people that can't travel due to the border closure of some countries but AFAIK, the majority have already opened. But for one to travel from here and there, requires a vaccine passport. It is known that there are still people that haven't taken the shot for some reason, it is understandable if it's a conflict with their medical situation. We can say that life has became harder for most at this time but fortunately, my life is in good shape trying to survive from day to day living.

So sorry to learn that - but what kind of restrictions has put your business in trouble?
Is it the ad account which was trouble or there was anything else. Just curious to know. Where did the things go wrong?

That's life mate. There's always unexpected things that will come in our way but you need to accept it whatever it will be. It was mostly the bad things that are hard but for the good one's, there's no way we will complain on it.

In the human life, there was only two cycle, one is when we are up or positive and the other is when we are down or feeling negative but like you said we can't always stay on one side, so whenever you feel down, just remember it, for you to keep going. In terms of payments how can you say that they are unexpected? Electricity, water, groceries, those are actually expected but if you will only learn how to plan and save, it's possible for you to achieve your dreams.

Yes the pandemic might have cause a lots of problems causing businesses to fall and most people losing their jobs without an available one for them to hold on to. Many persons had many loses doing such time but we need to weak up and get on our feet. Inflation everywhere with rise in price of goods and services. One had to plan to spend almost double of what was spent before on food and commodity.

That is indeed what an effort must do to at least be able to survive in the midst of a pandemic at that time,
I couldn't help but feel at that time I had to follow him because there really was no other choice,
But for now, with Covid cases continuing to fall and social restrictions being no longer tight, the economy is starting to grow again

We already had inflation before war started that's why it became a great despair that many people suffered greatly and it hit hard to us all. The standard of living of the people changed because of the inflation and to be able to surive this crisis we should make our kind of living the simpliest way possible. The NEEDS should be priority over WANTS.

Now in some cases this is indeed decreasing and in my country now there is no mandatory rule to wear a mask if you want to leave the house and the restrictions are getting less and less which makes this quite good for now.
But on the other hand we also can't be completely free now because indeed things like this can come at any time which makes us have to keep our cleanliness and immune strength.
But on the other hand I hope this will be over soon and the economy will recover

   Nowadays the normal life is now is the difficult way of living . More people suffer and can't afford to buy due of inflation or to much increasing prices. An now it's getting worse due of pandemic more things that needs to buy like essentials uses .

It is important to keep a balance because we need to keep the world going. I know that we all want to stay safe and healthy and the most important thing right now is to stay alive. For a while pandemic caused too many people to die, we had over 6 million people dead, and over 500 million who got it, which is around %6-7 of the entire planet so it was a big deal. At that level it was staying alive that we focused on. However, economy can't survive years and years of staying inside, it gets impacted and the thing we need right now is to get back, keep safe, and start economy back up again.

Today someone told me that during pandemic - the government has given so much money and benefits to the people. But in our country - since its a poor country. Only the poor segments got some benefits. There are people who are not rich but they are not poor either and they are those who keep their integrity high. So they are always in trouble because they can not beg.

That's true, inflation was already soaring and so did fuel prices, but in the name of war, everything suddenly increased. Living costs have skyrocketed while wages remain still.

The condition was getting better before the pandemic struck, now however, it's even worse than it was with Covid-19. The increased living costs have made it unbearable to have any purchasing power.

Inflation is the global problem. Many people are in trouble.
We live in the state where we survived COVID on our own. We had to earn to make our living. But I was amazed to see how the developed country has helped their citizens.

It's true, the losses from the effects of this pandemic are truly extraordinary. Basic needs in food and financial needs are currently being damaged and indeed, as you said, it's not only from an economic perspective that has been affected, even the lives of millions of people have been lost due to this virus. which makes this terrible.
But in this case life must go on and we who are still alive must be able to survive so that indeed we can make a reversal and come back to make life better

I think the standard of living has increased/ decreased drastically during Covid.
Now due to Russia and Ukraine war. The prices of wheat and oil has increased drastically. So it is trouble everywhere.

The cost of living is increasing because the current growth model of the world is simply not sustainable. The earth is hollowing out. We have already mined deep and flattened the mighty mountains. The sea, sky and earth is polluted. I see no future if we don't mend our ways and go for a more sustainable growth.

Sadly we are not realizing our mistake, but we are expecting a life which is simply not sustainable

The Government should increase the wages of the workers because inflation is inevitable. The salary of the minimum wage earners are low and not enough to live without worries because of the expensive price of almost everything and its a burden for poor families.

Indeed. Before, I can buy more in my $60 budget for groceries every week. But now, I have to adjust my list because this amount cant cover the cost of what I used to buy. Life is hard but even harder now and if you dont strive, you'll suffer.

The standard of life has been affected everywhere. People are striving and they are holding unnecessary buying and saving up.
But that too is true that Covid has taught people to control their needs  and concentrate on their wants. And most of the people have become minimalist in last couple of weeks.

it is very difficult to see things like this if it is without self-awareness.
As you said the earth has now been damaged and we as the main actors in the destruction are still not aware of this kind of thing because indeed regret is completely covered with the ambition that exists to get as much natural wealth as possible.

there is no turning back, because indeed here it is not only 1 or two people who act but almost all people do this kind of thing

Standard of living around the world has been affected, people monthly income has reduced, they have been laid off from the jobs.
Many people learned to reduced their entertainments. Especially in third world countries.
So - the best I learnt from all the crisis - is limit your resources to your income, do not spend before you receive the money.

Would be totally dumb if you do spend lots or there's no tommorow kind of behavior if you know that you are on a crisis specially into those past years where pandemic hits very hard on every economy on each country.

It does really affect the way we live not only on the behavior but also into the source of income we do have.Even if we do have a business, it doesnt really indicate that we are safe from that bad situation.

We do normally find out ways for us to sustain no matter on what form as long it could possibly able to make us survive and status of living will really vary.

Even if mostly monthly incomes has increased, there's an inflation and price increase for most commodities and that's because of the oil's sudden hike.

I'd say that I've lost a lot of income from this time during the pandemic and it's never been the same again. But I know that things would come back to at least nearly normal and everyone's livelihood will be back again.

We all have learned how to be appreciative with things that we've got and don't look at what we don't have. Somehow and thank God that I'm not in a tough situation and my family is doing well despite all of these problems, we'll just endure it.

That is true. With this war, the oil price I believe, in most countries skyrocketed. And so with our commodities. The pandemic is still not over and this war came. But during the pandemic, we already learned a lot of lessons such as be frugal as much as possible, just spend on important things, it is better to spend quality time with the family over buying luxury items, be self-sufficient like planting vegetables when you have your own garden, don't rely on somebody's help and many other things. The standard of living is a very subjective concept. If you are happy and contented with your life, that's more than enough for me even if you lack those material things like luxury cars or big home.

   
    Yeah without self awareness can turn down ourselves ,not enough knowledge might be down our ambitions. Standard of life is just a cycle like goes up and down

Don't spend before you get money this implies that when we already have extra money we can spend our previous money.
This is a naive act, friends, because even though we already have financial reserves, it doesn't mean we have to spend the rest of the money beforehand.
You have to change this mindset if you are still running it. Even though now it's quite good but things like that are always good don't come every time

Yup.

The pandemic has taught a lot of lessons that we should be grateful for what we have and don't ask for more if we're in a tough situation. But, things will become better and we're not going to remain on this situation for life.

Or if we do, we have already adapted with the situation and this challenge that has been so difficult to deal with during its beginning times can now be easily dealt my majority of us.

If I talk about Turkey; We are dealing with a devastating economic crisis. The economic crisis which did not make itself felt much during the pandemic deepened with the absurd economic decisions made by the decision makers after the pandemic. Interest was seen as the cause of inflation and the button was pressed to decrease interest rates. We are faced with a very scary picture. Interest rates were lowered but inflation did not fall on the contrary it increased. Money was constantly printed and the purchasing power of the people decreased. The middle class is melting. Now you are either rich or poor in this country.

Standard of living nowadays,depends in your earning everyday.If you notice because of pandemic all over the world,decrease econamic system.For every country trying to be finding how to contribute there fellow country men to achieve and to avoid poverty .
To our society who living everywhere,trying to seached and find solution how they live everyday because of pandemic .The best way for  continue living without using a lot of money is every hone needs to plants any variety of foods vegetables ,and others plant that we can eat and takecare different animals to solve the poverty.Standard of living depends how and what you have to be contribute not only to yourself also in our society and community

All matters on how much you do earn because even if you do live on a first world country but if you dont have any decent job or source of income then your standard of living or status would still be that hard.
thats why its really important that you would really be having a decent income or source to live a comfortable life. Despite of country conditions in terms of economic but still there are people who do live
a decent living because they could able to support theirselves which means that this wont really vary or matter much most of the time.

it's a personal choice which i find in the ability of individual to maximize their potential to realize the type of life they had always wanted for themselves, this is a logical mentality that you can't afford or achieve what you never admires or desire, once the aim is set then the target follows.


this is why we all have to wake up and realize our unique roles to be olay in the current economic situation, if we can not make it grow then we shouldn't constitute to it fallings, we have to source for alternatives in everything we do, have plans and still maintain a learning ground, despite al this challenges we have many people making it with ease with the struggles all because they have oaid the sacrifice needed to enjoy the result they are seeing.

I can tell you a bit about soaring prices of fuel in the EU. We used to pay 1.2 EUR 2 years ago and now it's 2 EUR. This is crazy but I don't really see people walking or cycling instead of driving their cars. It used to be hard to park downtown and it still is. I used to be stuck in jam at 7 am and I still am, so people are rather using up their savings and driving like they used to.
According to the statistics there's much more people looking for apartments than a few years ago. Everything gets more expensive but it doesn't stop people from spending money.

In my own part of the world, there's a considerable decline in standard of living of citizens. The prices of goods and services have skyrocketed over the weeks partly due to the ongoing invasion by Russia on Ukraine. Energy prices as well as prices of oil and natural gas used in the running of the economy has also gone up. With Demand going sky high and very little supply, inflation is bound to set in as it has in various countries all over the world. Therefore it is certain that the standard of living in most countries have declined.

I don't think anyone in this case wants to make this thing go down but the thing is we're in a pretty tough situation right now to get this to look okay.
Maybe for now the Pandemic is not entirely the reason given that there are some concessions that are happening now but the impact from before is still very much felt where when we are stuck in the house and everything we do is limited, it is clear this makes the impact of damage to individuals and countries affected and like it or not. wish we could only accept things like this. we don't want to fall but situations that make us consciously or unconsciously retreat

There are small differences, homeless over here have more access to food. Whether that's people giving it to them i.e donating or dumpster diving. The fact is, in Western countries food is tossed away even when it's marginally out of date or has something wrong with it. It most likely is safe to eat still, but because of strict selling laws, they can't legally sell it.

In third world countries you aren't going to get as much access to that as you would in a first world country. Besides that, there's also more help in first world countries, government schemes, soup places, and various other things have been setup. It isn't perfect don't get me wrong, and there's plenty of people struggling, but when you compare the living conditions, it's likely it's slightly better in a first world country.

Not that it makes that much of a difference if you're in that situation mind, both will feel absolutely awful, and it's quite shocking we don't do more to avoid it.

Well I don't know the exact numerical figures but from my assumption everything has doubled or even more in average compared to the last five years but what the worse thing is inflation which also reduced the purchasing power a lot especially after the covid 19 but the salary didn't get any hike as inflation did most people are living less standard life than before.

I don't have figures but there's definitely a gradual increase in cost (and that never went down) since the koof and then a more rapid increase after the whole Ukraine fiasco. I expect it to get worse as the months go buy since we import oil not just for transportation but also electricity.

The standard of living has improved in our country in last few years.
But in recent fews months, due to Ukraine and Russia war the inflation has affected the average life of the citizens as well.

The war between Ukraine and Russia has affected the economic situation in lots of countries. We are actually having a hard time dealing with the increasing inflation in our country. Because of the current war, the oil price hike is unstoppable and it's affecting everyone. Electricity, primary necessities, and food prices are increasing but the salary is still the same. It seems like we're only working to survive. Everyone is suffering even rich people.

Rich people might still suffering losses but they are still ahead or in good condition yet they could still sustain theirselves in terms of necessities which is primarily needed for survival thats why lets just accept the reality

in between the differences.Yes, the current war did really make some toll on increasing gas/petrol prices which do really make people do suffer even more.We arent get used to these things on a very short span of time.
We know that needs and wants do really increase their value or price but not on this kind of situation where everything is really on fast pace changing which we arent get use to as i said.

The standard of living in my city is increasing, the price of groceries and spices has also increased dramatically, inflation is always happening and another problem is the difficulty of increasing income, currently I work with a monthly salary of around $400 and my living expenses with my family are more than $400 so I do a lot of things to meet my needs every month.

Currently, some commodity prices have increased and that has affected other things as well,
maybe you can save a little more by reducing expenses even though it won't be that easy,
or not you can work side by side by using social media platforms to sell or whatever it is to increase your income

Inflation of a country happened because of the economical system of the government in that country, i understand that when a country is seeing and experiencing difficulties in the system that means that the economical system of the government is poor, so the issue of them reply for the leader, when course of commodities is getting higher that means bad leadership is existing in such a country. Not every countries will experience inflation.

The global economic condition isn't good at all, the Fed made some policies for make their economic become stable. Inflation which happens make every country prepare their policy because this will happen in the long time. Not only the poor get the impact but also the rich, there are many companies which has fired the human resource to save their company. Yesterday, I heard from my family that one of his member got fired without any notification before. They go home with some money of their compensation. I'm shock, he's my close family and his company has shown signs of bankruptcy.

This is happening everywhere. Earlier due to Corona people suffered a lot. Now due to Russian -  Ukraine war. The Side Effects are observed by everyone.
I know families in other countries - how are badly affected and they are struggling hard to make both ends meet. Though time though. Which will not end - but people will learn to live with it.

For now it seems not only from your country that happened like that but most likely all countries in the world are experiencing the same impact.
Inflation is increasingly widespread as a result of several factors that make things like this happen.
The impact of Covid is likely to continue to be felt for the next few months or years because the root of this problem is getting more and more branched, giving rise to new problems again and again which are increasingly hampering economic growth.

It would be better if it was possible to now apply a more minimalist and more frugal lifestyle so that we can at least continue to survive in an onslaught like this.

The same as mine. Before $300 just for the groceries are more than enough but these days, it's not enough for a month and that's why we're budgeting tightly and already avoiding buying those unnecessary things and goods. We have cut our budget and avoiding to eat now in fancy restaurants and it's a way to avoid the contraction of covid although rates now have become low still, it's there. Having one source of income these days won't be enough, it's better to have a full time job and have another job or a side hustle.

Rather than saving and reducing their expenses, what they do instead is they find a side hustle to earn extra and that fixes their own problem. There are some that started liking the way they live and they can not afford anymore to change this living into something they are not comfortable with so they find ways or solutions just to continue living the same way but for us there is no problem with that, we can adjust depending on the situation of our economy.

This is why we don't need to tire ourselves anymore working for longer hours with two or more jobs but we can use our extra time to enjoy together with our loved one's.

the standard of living in each region is different, and also different for each person, according to the needs of each. Indeed, I myself feel that if we only work as employees, we can only live, while we still have needs outside the budget, I agree, we must have income from more than one source, so that we can meet the needs of life, even though we have to be extra hard in the budgeting, because no matter how much income you get, but if we can't manage it, it will always feel like it's lacking

in my country life is becoming more and more difficult for people living in poverty. how not, energy prices continue to increase, tax costs continue to increase, fertilizer and animal feed prices continue to increase as well. Even the price of medicine goes up. so that many services and culinary services have definitely increased following the policies of the local government.

Government assistance is sometimes not right on target. sometimes only people close to government employees benefit. while people who really need a lot are neglected.

I don't know about the current standard of living. because the gap between rich and poor is widening.

The standard of living in my country has plummeted.  Crowds of drunken men sing songs walk the streets of my city.  Yesterday I saw a guy in a torn sweater on the bus, his naked body was visible through the holes.  The windows of many shops are broken. 

I am not a conspiracy theorist (I do not deny the existence of the coronavirus), but this whole story with the Covid-19 coronavirus pandemic is like a campaign to prepare the inhabitants of the Earth to reduce their standard of living.  It seems that some forces were preparing people in advance to give up tourism, flying on airplanes, visiting restaurants, theaters, concerts, and mass sporting events. 

At the same time, the situation in Ukraine is much more catastrophic.  This is a huge tragedy.  The world we knew before no longer exists.

But having more sources of income is applicable to all of us whether we live in the same region or not. That's always the tip that these rich people are telling us, that's the suggestion they're bearing to our minds that no matter what you do in your work, time is going to come that it won't be enough so you do some hustle to have an additional source of income which will be the budget for anything that you want to do while your day job will pay the bills.

I don't think if there is any economy in the world that escaped inflation. I can still recall five years back when a $100 could buy a whole lot but as it stands it is only valuable in the hands of the poor because it is barely enough to carter for most family needs. It is even more difficult saving nor investing with this high inflation, it takes so much discipline to invest and that is just the only way to live above inflation in this era.

Many things have changed after Pandemi and inflation that occurred, now many needs are significantly increased, staple food, oil and home consumption costs always increase, if a year ago I was still comfortable with $ 300 per month now I have to spend more than $ 400 for standard living at my place.

The issue of high inflation and increase in prices of goods and services is a general problem faced all over the world even in certain area where there is relative peace, only that the situation is worse in war prone areas.

And in all of these, many African countries ain't exempted from the hard standard of living currently experienced world over, for someone like me who hails from one of the West African countries with a high population I wouldn't say there's no obvious fall in difference between the standard of living 5 to 7 years ago compared to this current time.

Everything in the market has topped up price 3x the amount compared to 5years ago. And the situation is growing worse by the day as the standard of living keep deteriorating with little or no significant economic solutions from the government to curb or reduce the impart on the citizens.

It's a very ugly situation by the way. I feel like going back in time when money had much value to services and goods.

High inflation that continues to increase makes the standard of living higher, if we only rely on a monthly salary of course it will be difficult to survive and make ends meet, the best thing we can do is look for other sources of income such as investing in cryptocurrencies or becoming a bounty hunter.

The thing with my country is that we really didn't have much impact from the pandemic and we are still waiting for the war impact, but what has changed most in the last 5 years is that a cascading effect that has been going on for the last 15 years and has risen the prices of real estate to the point where incomes could not follow. And the worst thing is that it just continues without it looking like a bubble that's going to burst, rather a continuous surge of prices due to a lot of people inheriting real estate in attractive locations, selling it to foreigners, and then buying more real estate elsewhere in the country.

Such is the reality of life and at this time commodity prices are increasing this makes what was initially $300 per month is enough now it feels less,
almost all countries experience inflation and of course it will not be that easy to stabilize again,
hope conditions and prices return to normal

In my country there is sharp increase in the standard of living and it is very difficult to live in my country with little money because the cost of goods and services have increased upto x3 of what it used to be before now.
There are two major reasons the standard of living increased so much, they are.
1. Because of recession: My country faced two times recession in the time under review and that worsened the whole situation.
2. Because of Covid-19:
In my country, any price that goes up doesn't return back anymore. This also includes services. For instance, before Covid-19. Transportation from Port Harcourt city to Calabar city was N1,500. But when covid 19 started, the passenger seat that carries 4 persons, began to carry 2 persons because of social distancing. So the two persons were made to pay N3,000 each to augment for the other vacant two. But when Covid-19 ended, the company started carrying 4 passengers again but didn't revert back to N1,500. Nobody protested till now.
Most times it's not about government but also the people.

It's not only happening in your city, but almost all countries are experiencing inflation, even the standard of living continues to increase, after we were attacked by covid 19 and in addition to the Russian Ukrainian inflation, our lives are getting chaotic, and our economy is getting worse, even in the country where we live. I think the price of basic necessities is getting higher, even oil prices are soaring, so in my country in recent years the standard of living is very difficult and the economy is getting tougher and unemployment is increasing.

Moreover, at this time what we can really feel is the increase in commodity prices,
it makes others also influence and plus the inflation that is going on,
the world economy is currently really not doing well and hope this will return to normal soon

The standard of living is so high mostly in countries that depends on importation of goods and services,  no back up to build the economy with agricultural products. Like countries like China that doesn't depend on importation are not having much inflation challenge because they have what it takes to strengthen their economy.

China is facing so much trouble - many chinese are stuck outside the country and they want to travel back to China and they are not allowed to do that.
The life of every come man is affected and they are in so much trouble. There is uncertainty around. And people are in trouble due to inflation and travel bans. What a mess COVID has created.

Dont expect for everything to go back into normal state on which it would really be that might even comes worst as the day comes and standard of living could really be that affected on someone who do lives
and there's no exemption for this one whether you are living on first world or third world then you would surely be able to felt out on such price changes in commodities or any other related aspect.
Thing here is that you do need to sustain yourself via means on having other source of income so that you could able to at least survive out on whats current happening in the market.
Sadly for those who arent earning enough will surely feel some hardship.

This post is from May so this could be like an update 1 month later.  ;)
Well, fu*k me. Everything is going up but the monthly salary is just the same. Gas price is up, fruits and vegetable are going up because they say they also need gas for their mechanisms and for bringing it to the city, everything in regards to people necessities is up.
I don't mind if I know there will be balance again and that means paying employees to suffice all those needs.

It is not good to support the imports because it can mean that they don't have a trust on the product of their own country or they simply don't like it. It is ugly for a country to have this kind of mentality. What will other countries say to them when they witness this?

And also not all the times there are imports are available because stocks from other countries can also decay and there will be unexpected problems like sanctions where importing is totally restricted. They shouldn't wait for those things to happen because it was only their own country that will suffer at the end. Those countries should get an inspiration to china because china knows what they are doing.

we are facing the highest inflation rate. the whole country is unset and we do not have any solution to it. The only solution is to earn money and more money.
Find alternative solution to all the things which bothers you and save up a little.

Standard of living... I have my routines and I am doing good in the last 5-10 years! Before that, it was a mess, never enough... but that builds your character! So I think of myself as not some big spender, I have some money, the fridge is full, bills are paid, and there's something for everyone's "special needs"!

But even "my standard is better" the situation is generally worse! It's the catch with the standard! While some wins, other loses! We will never see all the people satisfied! This is the system, and it's why we need some changes if we wish for a better future!

Today if we don't work hard to make more money, then we will have difficulty in living life. As the standard of living in all countries will continue
to rise. Sadly, the increase in workers salaries does not match the increase in daily needs. Therefore for me who has a job in the real world and
gets a fixed salary every month, it is still difficult to be able to meet daily needs, and requires me to look for additional income on the internet.

Fortunately, since knowing crypto gave me the opportunity to improve my economy, and now I feel I can live a good life. Even though I'm not
rich yet, at least I can meet the needs of my daily life. So to say crypto has raised my standard of living, and I believe many people are helped
after getting to know crypto, therefore the popularity of crypto continues to increase. Because crypto is proven to provide solutions to economic
problems faced by many people.

The rise in the prices have made the whole world upset. People in my country have started walking and started using bicycles.
The use of vehicle has been reduced. We have started sleeping in one room to reduce electric consumption. The standard of living has been affected badly in our country.

One way to deal with these problems, indeed we must be willing to live frugally if we have not been able to increase our income. I also did
the same thing, reducing the use of my vehicles and choosing to use public transportation and if it was close, I could walk. But as long as
we don't give up and keep trying to make our lives better, then our future can change for the better. The life we ​​live depends on the actions we take,
so if we try to work hard to make our economy improve, then slowly our standard of living will also increase by itself. It's not easy to live today,
because all needs are increasing, but we have to adapt to it. So my advice is not to rely too much on government assistance, we must try
to improve our economy by working even harder. Moreover, with the internet there are quite a few ways for us to make money in the online world,
as long as we want to try there will always be a way. The conclusion is never give up on circumstances, we must be able to make our lives better.

The standard of living is increasing because of inflation, in my country the basic needs continue to rise, many subsidies are eliminated so as to make many people difficult to find income, this is a factor of many people who have to work far to meet the needs, and for the minimum standard of living in my place is needed at least $ 100 per month per person.

I think for the person who is hard working and have set goals. They can do good in life.
To have a better standard of life - one needs to be hardworking and honest, things fall in line then

A lot depends on the direction in which you work, perhaps regardless of your efforts, you can be demoted, because a full-fledged crisis and a possible famine have not yet begun. This post is about the fact that already now many are beginning to experience financial problems, not to mention the future.

I think there are actually many factors to having a better standard of living,
working hard alone is not enough, besides that currently almost all countries are experiencing inflation and this is of course quite a difficult condition,
maybe it's important to have a side job