The cost of living is trying to kill the living

[Jatiluhung]

Anyway, no doubt the cost of living has got many in most parts of the world hanging by a thread. Most of the low income earners and those that live around the minimum wage. Even the rich as well are feeing a little bit of it buy somehow, humanity has always been known to survive. Luckily, trying to kill the living doesn't mean killing the living.
It's for a time and humanity will always strive.

But the current situation is quite sad that it has indeed hit several countries that have experienced prolonged inflation and even the inflation rate in several countries has reached the Hyper Inflation level where the money there is almost worthless. So that residents there even have to bring a lot of money just to shop for vegetables in the market. So the cost of living in a country that is in a hyper-inflationary condition is certainly very high. So do not be surprised if the cost of living can really slowly kill its citizens in that country. because the problem is that the amount of income is less than the amount of money spent.

[yohananaomi]

The ever higher cost of living makes us have to think hard in order to be able to make ends meet, and the triggering factor is inflation which is hard to control, and the best solution to be able to deal with the ever increasing cost of living is to keep looking for sources of income.

In fact, everyone is destined to be able to find a source of life/income, in order to be able to meet minimum needs, in whatever way they want to do it, but once again limitations cannot provide access for everyone to get it. The development of the world cannot be avoided by the situation around it which causes many to find it difficult to do business, plus inflation makes it difficult for all sectors to be able to get income which may be very much needed. it is already difficult to find income coupled with the higher cost of living and the price of necessities continues to increase, making many despair of this reality.

[Inwestour]

But the current situation is quite sad that it has indeed hit several countries that have experienced prolonged inflation and even the inflation rate in several countries has reached the Hyper Inflation level where the money there is almost worthless. So that residents there even have to bring a lot of money just to shop for vegetables in the market. So the cost of living in a country that is in a hyper-inflationary condition is certainly very high. So do not be surprised if the cost of living can really slowly kill its citizens in that country. because the problem is that the amount of income is less than the amount of money spent.

Countries in which inflation is very high tend to go through stages of growing inflation often, and therefore the population of these countries should study this issue. When one day their savings completely lose their value, then you need to think about it, you need to direct the savings into something that can save their purchasing power.

I'm not talking about investing now, it can be anything that can be stored for a long time and then sold, and of course it can be bitcoin. It can also be the currency of another country, which is much less prone to inflation. There are ways that can help in solving this problem, you just need to think about it before the problem occurs.

[Jatiluhung]

But the current situation is quite sad that it has indeed hit several countries that have experienced prolonged inflation and even the inflation rate in several countries has reached the Hyper Inflation level where the money there is almost worthless. So that residents there even have to bring a lot of money just to shop for vegetables in the market. So the cost of living in a country that is in a hyper-inflationary condition is certainly very high. So do not be surprised if the cost of living can really slowly kill its citizens in that country. because the problem is that the amount of income is less than the amount of money spent.

Countries in which inflation is very high tend to go through stages of growing inflation often, and therefore the population of these countries should study this issue. When one day their savings completely lose their value, then you need to think about it, you need to direct the savings into something that can save their purchasing power.

I'm not talking about investing now, it can be anything that can be stored for a long time and then sold, and of course it can be bitcoin. It can also be the currency of another country, which is much less prone to inflation. There are ways that can help in solving this problem, you just need to think about it before the problem occurs.

So true. Even those of us who live in a country where the economic condition is still quite good must also learn from the condition of other countries which are hit by high inflation. Because we don't know when our country will still have a good economic condition. Just in case, we must be wise in saving our assets in something that is not affected by inflation. So that the value of our assets does not decrease and I think Gold is the answer.
But if you want the value to increase but with the risk of decreasing that also exists then Bitcoin is the answer.

In fact, I heard that in several countries affected by hyper-inflation, they are starting to abandon their own currencies and are starting to switch to gold and silver exchanges, which are more stable in price and more inflation-resistant.

[slapper]

But the current situation is quite sad that it has indeed hit several countries that have experienced prolonged inflation and even the inflation rate in several countries has reached the Hyper Inflation level where the money there is almost worthless. So that residents there even have to bring a lot of money just to shop for vegetables in the market. So the cost of living in a country that is in a hyper-inflationary condition is certainly very high. So do not be surprised if the cost of living can really slowly kill its citizens in that country. because the problem is that the amount of income is less than the amount of money spent.

Countries in which inflation is very high tend to go through stages of growing inflation often, and therefore the population of these countries should study this issue. When one day their savings completely lose their value, then you need to think about it, you need to direct the savings into something that can save their purchasing power.

I'm not talking about investing now, it can be anything that can be stored for a long time and then sold, and of course it can be bitcoin. It can also be the currency of another country, which is much less prone to inflation. There are ways that can help in solving this problem, you just need to think about it before the problem occurs.

The inflation dilemma, it's like some countries' worst nightmare come true, right? Keeping you down like a thick blanket of fog... This situation makes me think of a famous quote by Milton Friedman: "Inflation is always and everywhere a monetary phenomenon." The necessity for people to learn about and adjust to inflation is the meat of your argument

Redirecting funds, especially for the "average Joe," isn't a silver bullet, though. If you catch my drift, it's more like a band-aid on a bullet hole. Bitcoin, other foreign currencies, and precious metals may help in the short term. though (and this is a huge though), they are also subject to volatility and come with their own set of risks

I think it's a little... narrow-minded to stress the importance of insuring one's own money against inflation. Perhaps what's needed is stronger, more sensible economic policies; but, this is a far bigger, stickier, knottier ball of wax than I first anticipated

[Gun Boat]

In my country there is also inflation, but the level is not too high so that it still allows people to survive and again the government in my country is quite focused on reducing the inflation rate.
I noticed your story seems more difficult than what I could imagine, maybe there are many parties related to the increase in inflation in your country, such as money laundering, excessive printing of money by the government and the lack of supply of commodity needs which causes scarcity and or hoarding of goods to increase market demand that aims to make more profit than sales, you need to pay attention to things like that and discuss with elements of society to find a way out in your current position.

The country in the story does relate to mine, inflation rate within just the past few months have been really high, cost of living, petroleum products prices, removal of subsidy on crude oil when no proper infrastructure in place yet is really taking a toll on the citizens, transportation costs,food prices, drinkable water prices, clothing and accomodations, electricity tariffs, basically everything is affected by the other, just like  dominos.


 Several other factors are also responsible for the high cost of living like money laundering, embezzlement of public funds by government all these sum up to the increase in demand and hoarding of commodities, sadly the government really care less about the average citizens and the poor because no matter how high the inflation rate is they'll still be able to afford and live comfortably.

[Wend]

In my country there is also inflation, but the level is not too high so that it still allows people to survive and again the government in my country is quite focused on reducing the inflation rate.
I noticed your story seems more difficult than what I could imagine, maybe there are many parties related to the increase in inflation in your country, such as money laundering, excessive printing of money by the government and the lack of supply of commodity needs which causes scarcity and or hoarding of goods to increase market demand that aims to make more profit than sales, you need to pay attention to things like that and discuss with elements of society to find a way out in your current position.

The country in the story does relate to mine, inflation rate within just the past few months have been really high, cost of living, petroleum products prices, removal of subsidy on crude oil when no proper infrastructure in place yet is really taking a toll on the citizens, transportation costs,food prices, drinkable water prices, clothing and accomodations, electricity tariffs, basically everything is affected by the other, just like  dominos.


 Several other factors are also responsible for the high cost of living like money laundering, embezzlement of public funds by government all these sum up to the increase in demand and hoarding of commodities, sadly the government really care less about the average citizens and the poor because no matter how high the inflation rate is they'll still be able to afford and live comfortably.

Only a few countries have low inflation, the rest of the world is still in a terrible crisis. Most governments from 3rd countries have become greedy and don't care much about the people. If we realize that, we should find ways to save ourselves rather than rely on them. We also don't need to be sad just because they don't help us because no one in this world can save us more than ourselves. So instead of complaining or seeking their help, we should find a way to save ourselves.

[Questat]

Only a few countries have low inflation, the rest of the world is still in a terrible crisis. Most governments from 3rd countries have become greedy and don't care much about the people. If we realize that, we should find ways to save ourselves rather than rely on them. We also don't need to be sad just because they don't help us because no one in this world can save us more than ourselves. So instead of complaining or seeking their help, we should find a way to save ourselves.

Perhaps we can expect help but not it reaches the point that we have to rely on them. Yes, we need to work and lift ourselves on our own because it was not their responsibility either. Whether they will help us or not, that is still okay as we never think that everything we need should come from them. As the inflation continues, we need to find ways to grow our finances as well this is the way to survive and this is the time that we must know how to budget our money.

[ChiBitCTy]

I don't think there was ever a time where things were easy for the modern man.  As others have mentioned here in the United States we have gone through two major economic breakdowns in the last 100 years.  That would be both the Great Depression as well as the Great Recession, which was just back in 2008. 

We are going through tough times right now.  There's a lot of work that needs to be done.  It's also to keep in mind not all countries are the same.  Here in the United States jobs often do raise the salary for employees to help keep up with inflation.  Now don't get me wrong, this isn't always the case, but it is in many.

[Fatunad]

Only a few countries have low inflation, the rest of the world is still in a terrible crisis. Most governments from 3rd countries have become greedy and don't care much about the people. If we realize that, we should find ways to save ourselves rather than rely on them. We also don't need to be sad just because they don't help us because no one in this world can save us more than ourselves. So instead of complaining or seeking their help, we should find a way to save ourselves.

Perhaps we can expect help but not it reaches the point that we have to rely on them. Yes, we need to work and lift ourselves on our own because it was not their responsibility either. Whether they will help us or not, that is still okay as we never think that everything we need should come from them. As the inflation continues, we need to find ways to grow our finances as well this is the way to survive and this is the time that we must know how to budget our money.

Only lazy people or fools who do really end up on relying on government aide on which you are really that depending on it for you to live and its true that its not really that ideal to have that kind of mindset on which
you would really be that be contented on the life that you do have. We know that inflation do hits hard and on the time that you dont able to make progress on your income or other source then you would really be struggling on living on which you might be ending up on living a miserable life or something that lacks out financial or cant able to buy something that you do want. How really sad it would be?
Cost of living and other needs becomes even more expensive as the years passing by and its not something that we could really be able to avoid because this had been always the case that we are really that seeing.
Therefore, it would be wise that you should be finding ways or methods on enhancing your income through various means which is mostly be pertaining about investment and business.

[Uruhara]

I don't think there was ever a time where things were easy for the modern man.  As others have mentioned here in the United States we have gone through two major economic breakdowns in the last 100 years.  That would be both the Great Depression as well as the Great Recession, which was just back in 2008. 

We are going through tough times right now.  There's a lot of work that needs to be done.  It's also to keep in mind not all countries are the same.  Here in the United States jobs often do raise the salary for employees to help keep up with inflation.  Now don't get me wrong, this isn't always the case, but it is in many.

To be honest, we always think that in America everything is fine. because I heard that the economic level of the people there is quite good in general. And inflation there has also decreased and interest rates are said to have stopped increasing temporarily to avoid a recession. But yeah, we don't know the reality that happened there. I hope there is always fine.

In my country everything is also fine. the inflation rate is also not too high and the recession also seems to be averted. But one thing that is very unfortunate here is that sometimes it is very difficult for employees' salaries to increase. so that when inflation comes we continue to struggle to keep our income sufficient.

[smile1218]

While growing up things were quite easy, an I also know that life was also easy for the common man, not until 2018 that things start changing for the worst, from then till now the rate at which inflation have struck my country to an all time high is so alarming.
  Everyday price of things keeps on changing but the salaries of a civil servants still remain the same, the money that we use too feed from, buy water, pay rent, pay for light an even save from, now it can't even service our monthly needs for even half of the month.
 Most times I feel for people that have many children because too get basic needs in today's economy is very difficult,
  the annoying part is that the government an it agencies are doing nothing or less about the cost control of goods and services in the state.
An this has created a torn in the lives of many as situations keeps on getting worse by the day.
Am wondering if it's same experience in other part of the world.

That is true in the past things were quite easy and the lifestyle is not that expensive. As time goes by in the increase of inflation all around the world, life is now getting harder because of the high cost of living. Food prices nowadays is very expensive as well as electricity, water, internet charges, post paid lines, even the tuition fees at school etc. Todays economy is very difficult especially to less fortunate people. Here in our country mostly minimum wage increase a small portion of their salary but still it is not sustainable to their needs. For the above minimum wage the salary remains the same no movement at all that is why it is hard for regular employees to manage their finances with the increase in prices of basic necessities the salary did not even get higher. Everyday is getting worst, but if we will find some other option maybe we could survive.

[Smartvirus]

I don't think there was ever a time where things were easy for the modern man.  As others have mentioned here in the United States we have gone through two major economic breakdowns in the last 100 years.  That would be both the Great Depression as well as the Great Recession, which was just back in 2008.  

You know at times when I hear people speak of America haven’t gone through there last 100years and we look at developing nations already at 50+ years, still under developed and look towards more years for a better future with a successive bad government, I begin to wonder how far is the next 50years.

Life has never been fair, easy or so good at any particular time. It’s always been about survival for the lower and middle class. Still, it’s a human nature to strive and persevere with hopes for a better tomorrow.

Hope is the one thing you hold on to in bad situations like we have in our world today, hope!

[nur rochid]

While growing up things were quite easy, an I also know that life was also easy for the common man, not until 2018 that things start changing for the worst, from then till now the rate at which inflation have struck my country to an all time high is so alarming.
  Everyday price of things keeps on changing but the salaries of a civil servants still remain the same, the money that we use too feed from, buy water, pay rent, pay for light an even save from, now it can't even service our monthly needs for even half of the month.
 Most times I feel for people that have many children because too get basic needs in today's economy is very difficult,
  the annoying part is that the government an it agencies are doing nothing or less about the cost control of goods and services in the state.
An this has created a torn in the lives of many as situations keeps on getting worse by the day.
Am wondering if it's same experience in other part of the world.

That is true in the past things were quite easy and the lifestyle is not that expensive. As time goes by in the increase of inflation all around the world, life is now getting harder because of the high cost of living. Food prices nowadays is very expensive as well as electricity, water, internet charges, post paid lines, even the tuition fees at school etc. Todays economy is very difficult especially to less fortunate people. Here in our country mostly minimum wage increase a small portion of their salary but still it is not sustainable to their needs. For the above minimum wage the salary remains the same no movement at all that is why it is hard for regular employees to manage their finances with the increase in prices of basic necessities the salary did not even get higher. Everyday is getting worst, but if we will find some other option maybe we could survive.

a government employee still complains about the current situation, what about factory workers. Currently inflation is indeed high and even though there is a salary increase it is not proportional to the amount of inflation that occurs. and of course we must be aware of reducing our lifestyle and looking for other sources of income outside of working hours, so we must learn to cope with increasingly difficult economic problems. everyone has their own problems, and gratitude that can make us enjoy life beautifully

[AicecreaME]

I don't think there was ever a time where things were easy for the modern man.  As others have mentioned here in the United States we have gone through two major economic breakdowns in the last 100 years.  That would be both the Great Depression as well as the Great Recession, which was just back in 2008. 

We are going through tough times right now.  There's a lot of work that needs to be done.  It's also to keep in mind not all countries are the same.  Here in the United States jobs often do raise the salary for employees to help keep up with inflation.  Now don't get me wrong, this isn't always the case, but it is in many.

I agree.

However, living right now is just becoming worst than ever, everything changes as we are changing the world as well. People are getting worst too, war is more devastating and create more chaos, more damages are being done because of evolving technology and everything. We're the one who is going to make humanity go extinct, not aliens.

If only we can achieve the true peace, no corrupt politicians, all people are united, then the world could be better, but I guess it will be impossible.

[xSkylarx]

I don't think there was ever a time where things were easy for the modern man.  As others have mentioned here in the United States we have gone through two major economic breakdowns in the last 100 years.  That would be both the Great Depression as well as the Great Recession, which was just back in 2008. 

We are going through tough times right now.  There's a lot of work that needs to be done.  It's also to keep in mind not all countries are the same.  Here in the United States jobs often do raise the salary for employees to help keep up with inflation.  Now don't get me wrong, this isn't always the case, but it is in many.

I agree.

However, living right now is just becoming worst than ever, everything changes as we are changing the world as well. People are getting worst too, war is more devastating and create more chaos, more damages are being done because of evolving technology and everything. We're the one who is going to make humanity go extinct, not aliens.

If only we can achieve the true peace, no corrupt politicians, all people are united, then the world could be better, but I guess it will be impossible.

Just imagine if the world had no war and only peace. Those billions of dollars that are being invested in the military would go to other budgets that improve the lives of human beings. You are right; we go instinct just because of our own fault and not by being hit by an asteroids or invaded by aliens. But the sad truth is that people want power, and those big politicians want to be the most powerful people in the world based on military power.

[moklefasdice]

Tell me about it! The cost of living these days is a real pain. It feels like every expense is out to get us. It's tough to make ends meet with all the rising prices. But hey, we've got to keep pushing forward and find ways to make it work. Budgeting like a pro, hunting for deals, and maybe even picking up some extra gigs can help us stay afloat. About hunting for deals, I got myself such a cool door for a normal price, oak fire doors that's what I'm talking about. They are very durable and the material is a high-quality one.

[woez]

Tell me about it! The cost of living these days is a real pain. It feels like every expense is out to get us. It's tough to make ends meet with all the rising prices. But hey, we've got to keep pushing forward and find ways to make it work.

Yes, absolutely. if we don't start from now when again, the value of money will no longer exist. if we spend $ 20 only a few items that can. the winner is always the trader (Merchants bringing in their wares) it's already like this, what else do you want? yes. enjoy and just run as it is.

[Shishir99]

While growing up things were quite easy, an I also know that life was also easy for the common man, not until 2018 that things start changing for the worst, from then till now the rate at which inflation have struck my country to an all time high is so alarming.
  Everyday price of things keeps on changing but the salaries of a civil servants still remain the same, the money that we use too feed from, buy water, pay rent, pay for light an even save from, now it can't even service our monthly needs for even half of the month.
 Most times I feel for people that have many children because too get basic needs in today's economy is very difficult,
  the annoying part is that the government an it agencies are doing nothing or less about the cost control of goods and services in the state.
An this has created a torn in the lives of many as situations keeps on getting worse by the day.
Am wondering if it's same experience in other part of the world.

As a Bangladeshi citizen, I can relate to your experience and concerns about the changing economic situation. We are witnessing a massive  inflation, everything  just doubled up in price. But salaries are not adjusted according to the inflation. People are finding it miserable to even live. I think Covid pandemic and Russia-Ukraine war had a massive impact for all these. I hope the situation  of whole world will get better.

[wmaurik]

Tell me about it! The cost of living these days is a real pain. It feels like every expense is out to get us. It's tough to make ends meet with all the rising prices. But hey, we've got to keep pushing forward and find ways to make it work.

Everyone will find their own way of making themselves successful and progressing in their own environment. Because believe that no one wants to survive in trouble even though some people still have to live in difficult conditions because they are forced by the situation. And also no one can deny the expenditure of money that must always be there every day to meet basic needs.

Yes, absolutely. if we don't start from now when again, the value of money will no longer exist. if we spend $ 20 only a few items that can. the winner is always the trader (Merchants bringing in their wares) it's already like this, what else do you want? yes. enjoy and just run as it is.

Enjoying is necessary, but letting things go as they are is the attitude of those who don't want to fight more and will only give up more easily when what they are expecting doesn't come according to what they are. It is also not certain that traders can always benefit from their merchandise as long as their merchandise must always be purchased from other, larger merchants, because the ones who really benefit in such cases are the factories or goods manufacturing companies.