Why is life getting so expensive?

[tyz]

Few years ago I was able to buy all I need to survive for €100 ($120) a week (rent not included). Today I at least need €200 ($240), although I mostly buy the same stuff as before. What do you think is the reason and what implication does it have long term?

[menteng46]

Because life only once

[citizenh-ssd]

I think that life does not become more expensive, but the value of currencies becomes more expensive. Previously, we had a minimum salary of $ 100, and now $ 128 and, accordingly, slightly increased prices for everything else.

[yuda]

I didn't know, but one thing for sure live it's mean to survive and the population continues to grow while the number of jobs is small and income is not proportional to the job. need something update

[nl247]

Standard of living is getting higher, new innovations sparking up lot of things and probably people are getting more greedy.

[theuploader]

we in tunisia(North Africa) are facing the same problem. since 2011, Prices have been multiplied by 2 and sometimes by 3. Life here is getting worse and our currency 'Dinar' has become very low compared to Eur or usd

[Michael_Gims]

inflation is the result of all social and economic problems

[Hannu]

Yeah, its rich mans world. 

[Hannu]

inflation is the result of all social and economic problems

Yep, investing 1500 mh/s on ethereum -> 115 dollars/24h. Climate in North is more stabile.

[shandi albert]

I think that life does not become more expensive, but the value of currencies becomes more expensive. Previously, we had a minimum salary of $ 100, and now $ 128 and, accordingly, slightly increased prices for everything else.

I agree with what you say, because what I experienced like that ..
my pay raise can not change my money, the steadily increasing cost of basic commodities impacts my monthly or weekly expenses
1% that I can allocate to save.

[adnet]

The rise in prices - inflation - is an age-old phenomenon. Economists disagree as to what its causes are, though it is fairly widely accepted that it is in part influenced by variations in the money supply.

Central Banks are in charge of monitoring the inflation rate. The U.S. Federal Reserve and the European Central Bank usually target a core inflation rate of 2% (that is, prices grow 2% over a year). They can manipulate it by adjusting the interest rate at which they lend money to banks, among other things.

[NiHaoMike]

Few years ago I was able to buy all I need to survive for €100 ($120) a week (rent not included). Today I at least need €200 ($240), although I mostly buy the same stuff as before. What do you think is the reason and what implication does it have long term?

Go through the items and find the ones that are costing a lot. Then decide if it's worth buying or if it's better to do without/cut down use or go for a cheaper alternative.

I assume you're not counting utilities since it doesn't take much of a mining setup to cost that much to run, although in that case I presume you're getting substantially more out of it.

[camsss]

yes I agree that life nowadays are getting more expensive. It is because besides our basic needs we also allot some money on some of our wants that is now considered as needs. examples of these are cellphones.

[ainunfm]

I think its because technology started to overwhelm us with needs, because of that, we're need more and more money to be fulfilled with those thing, unless you live in forest lol

[Vod]

Few years ago I was able to buy all I need to survive for €100 ($120) a week (rent not included). Today I at least need €200 ($240), although I mostly buy the same stuff as before. What do you think is the reason and what implication does it have long term?

Prices are generally set by supply and demand.

Over the past decade, supply has roughly stayed the same, while demand continues to grow as people continue to have sex. 

Stupid people having sex.   

[MarconyGL]

I think life becomes more expensive due to the fact that every year there is more and more technology and fewer jobs or wages are not sufficient for a comfortable standard of living.

[achikomimi]

Few years ago I was able to buy all I need to survive for €100 ($120) a week (rent not included). Today I at least need €200 ($240), although I mostly buy the same stuff as before. What do you think is the reason and what implication does it have long term?

Because there's a rapid increase in prices called, Inflation.

[IMAR]

because "life" is loosing resources and if we loose all we will die.

[Fida-crypto]

The rise in prices - inflation - is an age-old phenomenon. Economists disagree as to what its causes are, though it is fairly widely accepted that it is in part influenced by variations in the money supply.

[mimedo]

The world gets stronger everyday and not all humans cope to it. We see it as things getting too damn expensive but in reality it is just us not being able to ride with the tide.

Also, my grandmother used to tell me stories about the old days, a time of peace when the Avatar kept balance between the Water Tribes, Earth Kingdom, Fire Nation, and Air Nomads. But that all changed when the Fire Nation attacked. Only the Avatar mastered all four elements. Only he could stop the ruthless firebenders. But when the world needed him most, he vanished. A hundred years have passed and the Fire Nation is nearing victory in the War. Two years ago, my father and the men of my tribe journeyed to the Earth Kingdom to help fight against the Fire Nation, leaving me and my brother to look after our tribe. Some people believe that the Avatar was never reborn into the Air Nomads, and that the cycle is broken. But I haven't lost hope. I still believe that somehow, the Avatar will return to save the world.