Big Reasons Why Many Families Are Feeling Extreme Financial Stress

[Barbut]

Economic problems are not peculiar to the intermediate and under, including a rise in the price of food or other necessities needs that could be a major factor in the face of everything.
In fact we will not stress the face of all that, if we have a fixed income and can manage our money properly.

We have fixed income, but prices are going up and we are at the point when we can't keep up, that is what op talks about. And I must agree that many families are in stress, financial stress usually leads to other problems.
Everything is much more expensive now then 10 years ago, and just for example my paycheck in this moment is 33 000 dinars and that is around 300 dollars, my paycheck 10 years ago was 33 000 dinars and then that was 550 dollars!!! Is that normal? So I have less money now but everything cost more also, so how can I manage my money properly?
For nonbelievers, you can see price of dollar and euro in my country on this nice graphic:  http://www.kursna-lista.com/grafikoni

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[Kemarit]

Economic problems are not peculiar to the intermediate and under, including a rise in the price of food or other necessities needs that could be a major factor in the face of everything.
In fact we will not stress the face of all that, if we have a fixed income and can manage our money properly.

We have fixed income, but prices are going up and we are at the point when we can't keep up, that is what op talks about. And I must agree that many families are in stress, financial stress usually leads to other problems.
Everything is much more expensive now then 10 years ago, and just for example my paycheck in this moment is 33 000 dinars and that is around 300 dollars, my paycheck 10 years ago was 33 000 dinars and then that was 550 dollars!!! Is that normal? So I have less money now but everything cost more also, so how can I manage my money properly?
For nonbelievers, you can see price of dollar and euro in my country on this nice graphic:  http://www.kursna-lista.com/grafikoni

Fixed income for some families are not enough to cover all monthly expenses including food and other necessary needed in life to survived especially the middle income families. And even if you have fixed income that will cover everything, you have nothing left to save. So if there is emergencies, you don't have the money. So to me, fixed income is not enough. That's why the father and the mother need to work in order to survived his families.

And as @Barbut has pointed out, the price today is so expensive as compare to previous years, so in order for the middle income families to survived  they need to have a way above fixed income but unfortunately, this is very hard to do. Some have left their families and work abroad in exchange of giving their families a better future. So we can't rely on our monthly income, we have to look for other alternatives to earn money.

[hankyulpark]

When we spend more than the amount that we earn, inevitably this will end badly. We can blame the "bad" government, which don't give us jobs or keep rising the taxes and charges, but our financial health must be managed by ourselves. Trying to keep a lifestyle that our pockets can't support is the best way to get overstressed.

[youdamushi]

it's strange that they have so high inflation when the inflation reported is not increasing in comparison with the previous years

inflation currently it's at its lowest level for now in 2017, this is not true for all country, turkey have the highest it seems

it must be said if that price increase is due to the USD losing its purchase power, or those are really price that were incresed by vendors of those products

No no, the price really increase.
Problem is that average inflation will take everything into account...
Who cares about the inflation of luxury bags for example? Well if average price of luxiry bag went a bit down then average inflation will also take that into account...

[michkima]

it's strange that they have so high inflation when the inflation reported is not increasing in comparison with the previous years

inflation currently it's at its lowest level for now in 2017, this is not true for all country, turkey have the highest it seems

it must be said if that price increase is due to the USD losing its purchase power, or those are really price that were incresed by vendors of those products

No no, the price really increase.
Problem is that average inflation will take everything into account...
Who cares about the inflation of luxury bags for example? Well if average price of luxiry bag went a bit down then average inflation will also take that into account...

Inflation is relative to be honest, if the price index of a country increases but also the average income of the citizen also does increase, there is really no point as their spending power does not change. If it does not effect the equilibrium of the price and income of the people it is fine.

[equator]

it's strange that they have so high inflation when the inflation reported is not increasing in comparison with the previous years

inflation currently it's at its lowest level for now in 2017, this is not true for all country, turkey have the highest it seems

it must be said if that price increase is due to the USD losing its purchase power, or those are really price that were incresed by vendors of those products

No no, the price really increase.
Problem is that average inflation will take everything into account...
Who cares about the inflation of luxury bags for example? Well if average price of luxiry bag went a bit down then average inflation will also take that into account...

Inflation is relative to be honest, if the price index of a country increases but also the average income of the citizen also does increase, there is really no point as their spending power does not change. If it does not effect the equilibrium of the price and income of the people it is fine.

The main reason for the inflation high is the taxes which are varies from each country system, if you take my country each state charges their own taxes apart from that central tax is their so the commodity price automatically become high, and it is true that most of them are not planning properly and purchase high goods and when they want to pay back they face finance problem.

[btvlGainer]

When we spend more than the amount that we earn, inevitably this will end badly. We can blame the "bad" government, which don't give us jobs or keep rising the taxes and charges, but our financial health must be managed by ourselves. Trying to keep a lifestyle that our pockets can't support is the best way to get overstressed.

We must learn to manage our finances in order to always feel good and try to work for ourselves more than others.

[rickadone]

Well in my own opinion that many families are feeling extremely financial stress because lack of resources such as their income because some of parents don't have a stable job and they have to many children. You cannot blame everyone in those kind of situation you just need to pull it together and help each other to solve every problem.

The problem with the world right now is there is no economic stability, some people in some countries even though they work but the money they earn is not enough, and that is due to the fact that the necessities in their countries are high, and in some others the taxes are high they even go beyond 20% of the revenue, so when paying taxes and bills they are left with nothing, and that is the good thing about using bitcoin that you don’t have to pay taxes to anyone.

[v1ryspro]

Well in my own opinion that many families are feeling extremely financial stress because lack of resources such as their income because some of parents don't have a stable job and they have to many children. You cannot blame everyone in those kind of situation you just need to pull it together and help each other to solve every problem.

The problem with the world right now is there is no economic stability, some people in some countries even though they work but the money they earn is not enough, and that is due to the fact that the necessities in their countries are high, and in some others the taxes are high they even go beyond 20% of the revenue, so when paying taxes and bills they are left with nothing, and that is the good thing about using bitcoin that you don’t have to pay taxes to anyone.

Yes, while bitcoin exists and is not controlled by anyone, then there is a good opportunity to earn money. Because when they get to the control over the crypto currency, it will not be possible to earn so much and there will be no need to use it.

[Slark]

Yes, while bitcoin exists and is not controlled by anyone,

What does that change for the poor people if the currency is controlled by central bank or not? They won't be able to afford it either way.

then there is a good opportunity to earn money. Because when they get to the control over the crypto currency, it will not be possible to earn so much and there will be no need to use it.

Where is that opportunity to earn bitcoin exactly? Claiming faucets, solving captchas or participating in bitcoin's talk signature campaign?
This is not exactly stable job. And then you

it will not be possible to earn so much and there will be no need to use it.

This part has no sense for me. You want to battle poverty by earning bitcoin and then... not using it. Brilliant.

[TheCoinGrabber]

I think it really all boils down to how much purchasing power people have. Prices keep rising in my country almost yearly that manufacturers either raise the price of food stuff they make or shrink it to keep the price the same. And along with this, wages don't really go up anyway. If it does rise, it would just be a hundred or so and these wage increases are far apart.

Yes, while bitcoin exists and is not controlled by anyone,

What does that change for the poor people if the currency is controlled by central bank or not? They won't be able to afford it either way.

then there is a good opportunity to earn money. Because when they get to the control over the crypto currency, it will not be possible to earn so much and there will be no need to use it.

Where is that opportunity to earn bitcoin exactly? Claiming faucets, solving captchas or participating in bitcoin's talk signature campaign?
This is not exactly stable job. And then you

it will not be possible to earn so much and there will be no need to use it.

This part has no sense for me. You want to battle poverty by earning bitcoin and then... not using it. Brilliant.

Maybe he meant he's planning to earn bitcoins and just keep them as investment. At least that's what I think he's trying to say.

[Hypnosis00]

I think the reason why the families are feeling or experiencing extreme financial stress is because of their debt that they made by buying things that they didn't need, most of us are like that so it is very common to see a family experience or feeling extreme financial stress.

[Lady Coquet]

That's true many families are feeling extreme financial stress because they have problem in earning their own money because every parents that have financial stress don't have a stable job that's why they don't have money to feed their children.

[btc_angela]

That's true many families are feeling extreme financial stress because they have problem in earning their own money because every parents that have financial stress don't have a stable job that's why they don't have money to feed their children.

Well it could be another reason. It will be very difficult if parents don't have a stable job that's why they are in a lot of financial stress. How can you survived your family if you don't have a regular income to support them? One thing you gonna do is to borrow from your family and friends but their will be another problem is that you need to pay them. That's a double black eye that will put you in a more financial stressful situation.

[DD-Lex]

I think the reason why the families are feeling or experiencing extreme financial stress is because of their debt that they made by buying things that they didn't need, most of us are like that so it is very common to see a family experience or feeling extreme financial stress.

Yes, many are amenable and spend a lot of money on unnecessary things. You just need to learn how to control your purchases and everything will be in order with the budget.

[Qartersa]

There are multifarious factors on why families feel extreme financial stress. They are as follows: (1) poor education on handling money matters, i.e., low financial income or relying too much on a single source of income; (2) engaging in loan agreements that are too much to manage; (3) applying for and using credit cards that are beyond the means; and, (4) inability to pay all aforementioned that causes the proliferation of interests. All these lead to bankruptcy of family resources especially when taken altogether.

[Duzter]

These days the living expenses were quite high around the world due to globalisation. The price hike has been found high for life requirements, at the same the income hasn't increased much. The taxes too have made a big loss for the earning community.

[KuromaYoichi]

It's pretty much already explained in the article. Inflation every year, price of goods keep rising but the wages is stagnant or increase but can't keep up with the inflation. Families must be smart to address this, either they search for another income, change their lifestyle or move somewhere else with lower cost of living. If you want to live in big city, then you must bear with the stress if you do nothing to address it. It's not only in us, my country is the same as the wage barely or sometimes can't cover the living cost.

[TastyChillySauce00]

These days the living expenses were quite high around the world due to globalisation. The price hike has been found high for life requirements, at the same the income hasn't increased much. The taxes too have made a big loss for the earning community.

That's right, people need to work harder and spend the large portion of their times for working for the sake of fulfilling their daily expenses. As I've seen, for now, families with middle to low income have to work really hard and even make them too tired, some people might say that to be a rich person, you'll need to work really hard but this is actually wrong, people just don't only need to work hard but use their brain to make their income bigger. That's all the negative effects of globalisation and of course, there's existed the positive effects of globalisation.

[pitham1]

It's pretty much already explained in the article. Inflation every year, price of goods keep rising but the wages is stagnant or increase but can't keep up with the inflation. Families must be smart to address this, either they search for another income, change their lifestyle or move somewhere else with lower cost of living. If you want to live in big city, then you must bear with the stress if you do nothing to address it. It's not only in us, my country is the same as the wage barely or sometimes can't cover the living cost.

In democracies, they also have another choice - vote for parties which can keep inflation down. Unfortunately, economic issues don't occupy centre stage in elections. They get lost in the noise.