Big Reasons Why Many Families Are Feeling Extreme Financial Stress

[queenlaurel]

Some of the reasons Why families are feeling extreme financial stress is because the way things are going generally. Inflation everywhere. Like in my country cost of living is high. People are going through so much stress due to low income and so many mouths to feed. There is not enough fiat in circulation and it's affecting the average families not to talk of those who are trying to live through a day. Bitcoin is what we need for all, no matter how it is, everyone must be involved.

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[Mariksa]

Many families are feeling extreme financial stress because the prices are getting higher on the products. Also, many people don't have stabled jobes and this can be a big problem. Because of this families do not have a lot of money and they can't have financial freedom.

[HatDen]

Ha, so that is why we need currency without inflation, with a single issue, and without FRS

[Uno17]

First is the family primary needs such as; housing monthly amortization, the utilities bills like electric, water, telephone bills etc...the biggest expenses is the food consumption, groceries and other personal needs and of course insurances and education of the children, so imagine all of those things are your expenses everyday, it is stressful indeed.

[Choyor]

Increasingly, the world's population is demanding us to be qualified as life's competition gets tighter, it's hard to get a job to be the main factor why we become tense, stressful, because of the extreme economy.

[dorofeev]

The best approach is to use your surplus money in crypto or forex and then increase the investment with the profit. If you ignore this fact and spend all your savings in trading, it can have fatal consequences.

[Kwadwogray]

The depth margin of countries has kept increasing from the 19th century through to the 21th century. It's becoming obvious  that governments don't have every solution to the economic woes people are facing currently. We have to shift from buying liabilities to buying assets in order to start solving our own problems. Every liability comes with an extra burden that plunges the family into economic woes later.

[Chrisjay29]

That price really got increase but i think thats not the main reason why families extremely financial stress. The main cause is no familiy planning.  child is need a huge money on them order to give them a good life. So what if you have 10 children then it cause extremely financial needed

[stimliall]

The financial pressure on Chinese families is very large. Many families in Beijing and Shanghai will have a hard time buying a set of 80 square meters without spending all their lives!
China's oil prices are the most expensive in the world! The per capita wages in China are very low!

[Kakawate]

As I see it, the reason would be the urge to buy things that are just not fit to their budget. People tend to be easily amazed by all of these new technologies that we can literally see everywhere, because of those, we feel the need for that thing even though we don’t really do, and because we can’t buy it, we feel disappointed and so on until we get stressed.

[xSkylarx]

Based on my experience that many families are feeling extreme financial stress because nowadays it's hard to find a stable job and a job with a big salary, and it's hard to earn money. Many families have a financial stress because they purchase too much they don't know how to budget their own money that's why it leads to financial stress.

I certainly agree with you. Financial stability and permanent source of income which is enough to sustain every family needs is a necessity for us to survive a without too much stress. Since all the value of our daily necessities are getting high each day, we should just have something to support our needs.

[BitHodler]

Since all the value of our daily necessities are getting high each day, we should just have something to support our needs.

If you ask yourself why these costs are getting higher continuously, you'll directly know what the answer is with Bitcoin being an available option. It's not really that difficult to figure out yourself.

You can't endlessly work more in order to fill up gaps, and in the same way you can't endlessly fill up your gaps with debt. It requires a move away from the main source of the real problem, which is fiat.

Bitcoin easily outperforms anything the traditional market has to offer, and even when the price doesn't seem to be all that willing to move up. Last year's increase gave you a massive buffer to feed yourself with.

Even if the price remains the same for decades, your buffer makes sure you won't lose any of your initial investment value in Bitcoin.

[patarfweefwee]

If you ask me. It's more of poor financial planning. Why bring kids into the mix if you don't have enough to feed yourselves. I mean I've talked to my single friends and they alwayz say that they have to build emergency funds, calculate their needed income to have a baby and evem have multiple stock options before getting married.

[Kawasakinamoto]

Many families are feeling extreme financially stress due to health problems, have lots of monthly obligation to pay, lost of source of income, bankruptcy in their businesses, and have small income that cannot sustain all their needs. In addition to that is the extension family they feed & support, parents, siblings and other relatives that are relying to their financial support. If every family is working together & helping hand in hand for the family, and there is no lazy in the family, there will be no financial stress.

[Yaunfitda]

Many families are feeling extreme financially stress due to health problems, have lots of monthly obligation to pay, lost of source of income, bankruptcy in their businesses, and have small income that cannot sustain all their needs. In addition to that is the extension family they feed & support, parents, siblings and other relatives that are relying to their financial support. If every family is working together & helping hand in hand for the family, and there is no lazy in the family, there will be no financial stress.

That's part of life I guess. Its really up to us how to cope with this kind of stress in our life. Some become successful in life, because they work very hard for their family because they don't want to be poor for the rest of their lives.

However, for most of us less fortunate, there are a lot of stress that can break us apart. Health issues, not enough money to put and feed our family. But we need to be mentally strong in order to survived the financial stress. And we all need to adopt as well. As human beings, its one of the traits that separates us from other species, so make the best out of it and fight all our problems along the way.

[Indrawan77]

Yes, nowadays all the prices are so high, and the inflation combine with global crisis really make things worse, there are not a lot of job opportunities available, some companies prefer to used machine and robot to cut the cost, so earning money become more challenging, and there is no sign this thing is going to end, so just need to work harder and smarter

[entrepmind23]

Yes, nowadays all the prices are so high, and the inflation combine with global crisis really make things worse, there are not a lot of job opportunities available, some companies prefer to used machine and robot to cut the cost, so earning money become more challenging, and there is no sign this thing is going to end, so just need to work harder and smarter

It's not like we can feign ignorance of the rising prices because it has been affecting our cost of living so the way for us to at least maintain our lifestyle is to find another source of income because it is more likely that the salary is the same but the goods and services that we are paying for are increasing so we either have lower net savings or we may lack funds at all and we have to adjust on our lifestyle. Employers cannot increase the salaries of employees because they even have higher expenses and lower income and they are affected too.

I hope that many people would open their eyes to not depend on a single source of income which is often the salary because if the company he works with laid off employees or go bankrupt then he wouldn't have a job anymore so there is no job security. The solution to this is to have an investment that will generate passive income while working or build a business perhaps. We have to work harder and smarter to survive as we can't prevent inflation.

[interna]

In order to prevent yourself from financial stress, you need to cut down the monthly expenses. The best way to achieve this is buying products from wholesale instead of retailers. The concept of wholesale is getting popular all over the world and you can buy different items at discounted prices from the wholesale stores. There is no need to buy items from malls just to show off to friends.

[saifanik]

Firstly, there is a mistake in family planning. Then there is  problem of getting a job, low-paying jobs, less income than demand, not doing proper budget according to income, excess expenditure etc.That's why many families are feeling extreme financial stress.

[neliawesome]

Its because of over spending and too careless of what tomorrow comes.Thats the most common reason why families are struggling financially.