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Author Topic: Standard of living  (Read 1708 times)
Nerdy doctor
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May 07, 2022, 10:03:08 PM
 #61

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.

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

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May 07, 2022, 10:06:46 PM
 #62

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.

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May 07, 2022, 10:12:56 PM
 #63

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.
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May 07, 2022, 10:23:38 PM
 #64

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.

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May 07, 2022, 11:10:46 PM
 #65

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.
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.

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May 07, 2022, 11:17:51 PM
 #66

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.
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.
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May 07, 2022, 11:25:32 PM
 #67

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
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.
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May 07, 2022, 11:27:01 PM
 #68

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 

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

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May 07, 2022, 11:48:01 PM
 #69

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  

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

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May 08, 2022, 08:44:15 AM
 #70

the standard of living in our country now is very difficult, very much different from the year before the pandemic,

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.
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.
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May 08, 2022, 09:10:43 AM
 #71

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.
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

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May 08, 2022, 11:18:27 AM
 #72

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  Smiley

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May 08, 2022, 02:35:46 PM
 #73

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.
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May 08, 2022, 02:53:55 PM
 #74

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
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May 08, 2022, 10:30:42 PM
 #75

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.
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.
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.

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May 08, 2022, 10:48:26 PM
 #76

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.
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.
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May 09, 2022, 03:36:04 AM
 #77

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.
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.

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May 09, 2022, 04:00:40 AM
 #78

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.
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.

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May 09, 2022, 06:18:46 AM
 #79

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 .
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May 10, 2022, 04:48:34 PM
 #80

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
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