Standard of living

[bustabitsboy]

....

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.

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.

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.

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.

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[verita1]

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.

[Kasabus]

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.

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.

[Spontaneous]

 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.

[Sebas.tian]

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.

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.

[lixer]

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

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.

[Emitdama]

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.

[Vaskiy]

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.

[DrBeer]

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"

[Hamphser]

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.

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.

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.

[Gyfts]

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.

[Wind_FURY]

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.

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

[Rockstarguy]

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.

[tygeade]

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.

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.

[Dunamisx]

I don't know how the rest of the people around feeling, but from what I see.

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.

[Oasisman]

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.

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.

[SirLancelot]

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.

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.

[Gyfts]

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.

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

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.

[sana54210]

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.

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.

[bitgov]

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.

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.