Everything is over priced but people keep spending

[AYOBA]

Because of the current state of the economy, some wealthy people feel that not only those with numerous success stories in life can afford the high cost of living in Nigeria, but also those who are not as wealthy. In this life, the amount of money that some people spend on a daily basis exceeds the amount of money they make from their jobs.They just spend their money as they please, not knowing if it is overpriced or not. However, even if prices rise, I have doubt that both rich and poor men will continue to spend, since we can never again claim that we cannot feed our families because prices are too high.

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[Russlenat]

The cost of things has gone up so much so that it's glaring. Imagine paying 5-12$ for an average meal you could get before for 3$. The jump cost is extremely high. Cooking a meal at home can cost you the same amount you would spend on eating in a restaurant. Funny enough people still afford all these things without complaining. My anger is that we make money to spend it all into our normal life expenses. It's difficult now to save or invest unless you part of the rich people in society. An average man has to just eat, pay bills, and survive.

to get out of there, level up your skills, look for a side job, save 80% of your salary to invest and reduce useless expenses, avoid debt because if we just work and the money just runs out then we will work forever

This is quite easy to say but actually hard when practice as not all are willing to put some hard work and efforts so they can level up their skills. While it can be the best remedy for the current economy, but I think a lot of people would still resist doing that due to their limited mindset. For them to get out from the present economic situation, one should enhance positive mindset first and get out from their comfort zone. There are a lot of opportunities waiting outside, it’s just that their minds are only limited to what they are facing right now. Survival is not enough, but take chances to save and invest so that one can no longer suffer anymore from this bad economy.

[Iroh]

The cost of things has gone up so much so that it's glaring. Imagine paying 5-12$ for an average meal you could get before for 3$. The jump cost is extremely high. Cooking a meal at home can cost you the same amount you would spend on eating in a restaurant. Funny enough people still afford all these things without complaining. My anger is that we make money to spend it all into our normal life expenses. It's difficult now to save or invest unless you part of the rich people in society. An average man has to just eat, pay bills, and survive.

The cost of cooking a meal isn’t comparable with eating at a restaurant. We should note that a restaurant is different from a fast food joint.
The cost of living is obviously not it was a decade ago. You rightly noted that despite the cost of food, people still eat at restaurants and afford to splurge money on other things. It would be difficult to save enough money to invest in anything cause they obviously aren’t earning enough. Strive to earn more and there would be something left to save after settling expenses.
An average man likely doesn’t strive that hard to significantly increase his income level and that’s probably why he has just enough to eat, pay bills and survive.

[tyz]

The cost of things has gone up so much so that it's glaring. Imagine paying 5-12$ for an average meal you could get before for 3$. The jump cost is extremely high. Cooking a meal at home can cost you the same amount you would spend on eating in a restaurant. Funny enough people still afford all these things without complaining. My anger is that we make money to spend it all into our normal life expenses. It's difficult now to save or invest unless you part of the rich people in society. An average man has to just eat, pay bills, and survive.

to get out of there, level up your skills, look for a side job, save 80% of your salary to invest and reduce useless expenses, avoid debt because if we just work and the money just runs out then we will work forever

This is quite easy to say but actually hard when practice as not all are willing to put some hard work and efforts so they can level up their skills. While it can be the best remedy for the current economy, but I think a lot of people would still resist doing that due to their limited mindset. For them to get out from the present economic situation, one should enhance positive mindset first and get out from their comfort zone. There are a lot of opportunities waiting outside, it’s just that their minds are only limited to what they are facing right now. Survival is not enough, but take chances to save and invest so that one can no longer suffer anymore from this bad economy.

I agree that developing skills and having a positive mindset can be beneficial in a challenging economy. Taking initiative, seeking opportunities, and making informed decisions about saving and investing can help individuals improve their situation. It's important to stay informed, be open to new ideas, and take calculated risks to achieve long-term financial stability. Oftentimes small steps can lead to significant progress over time. It is hard to achieve, but definitely worth it.

[2Pizza410000BTC]

The cost of things has gone up so much so that it's glaring. Imagine paying 5-12$ for an average meal you could get before for 3$. The jump cost is extremely high. Cooking a meal at home can cost you the same amount you would spend on eating in a restaurant. Funny enough people still afford all these things without complaining. My anger is that we make money to spend it all into our normal life expenses. It's difficult now to save or invest unless you part of the rich people in society. An average man has to just eat, pay bills, and survive.

I don't know which country you are talking about but my country has a lot in common with your country. In my country it is now a situation where the price of any thing has increased so much that people are struggling to buy anything. I am talking about my Bangladesh, the current situation of my Bangladesh is very terrible. If I want to buy something, I can't buy it at the previous price, it has increased by more than 50%. The condition of the rich in this country is improving day by day, the condition of the poor is slowly going down. Those who are rich are leading their lives well and those who are poor are leading their lives with difficulty. The rich are investing and saving from this country but the poor are unable to exchange anything. I am a child of a middle class family according to the conditions of my country I am middle class. Can't invest properly Can't save properly.

[Pierre 2]

I believe this is exact definition of inflationary corruption of society. Everyone knows prices are increasing but everyone also knows money they own now is more valuable than money of tomorrow. This causes people to spend their money on many different kinds of markets, so they will be avoiding becoming poorer over time. This is net negative for society, sure, but most individuals don't know how to properly invest their money anyways. Best thing they know is to spend.

[TravelMug]

I believe this is exact definition of inflationary corruption of society. Everyone knows prices are increasing but everyone also knows money they own now is more valuable than money of tomorrow. This causes people to spend their money on many different kinds of markets, so they will be avoiding becoming poorer over time. This is net negative for society, sure, but most individuals don't know how to properly invest their money anyways. Best thing they know is to spend.

Or what we call programming by the rich, to keep them rich, and the poor, poorer as they keep on telling us that only the rich can afford over price items. And with that, the poor wanted to show in the society that they move that they are also rich by buying this expensive things. But in a hindsight, this is what this expensive clothing brands or whatever they wanted to sell us, giving us a fake lifestyle. So if we wanted to break from this programming, we really need to understand it so that we can shift our paradigm, learn how to control our money specially if we don't have that big account to start with. And stop portraying who we are in public.

[southerngentuk]

Goods have skyrocketed to the extent people are afraid to feed themselves."  Imagine a world where basic necessities feel like luxuries.  The frustration and anger you express resonate deeply. The grocery store becomes a battlefield, every purchase a calculated risk.  The mental strain of figuring out "where to start" amidst rising prices is a heavy burden.  It highlights the fundamental importance of food security – the fear of not being able to provide for your family is a primal one.

You yearn for the past, a time when your parents "were lucky" to raise you with affordable food.  This sentiment reflects a sense of loss, a nostalgia for a time when basic needs weren't a constant source of worry. Restaurants, once a treat, lose their appeal.  The price parity with home cooking eliminates the convenience factor.  But more importantly, it speaks to the pervasiveness of the problem – no escape from the high cost of food. The impact extends beyond immediate needs.  Saving money, once a possibility, becomes a "war."  This highlights the ripple effect of food inflation – it eats away at disposable income, hindering saving goals and impacting long-term financial security.

[Lantind]

The cost of cooking a meal isn’t comparable with eating at a restaurant. We should note that a restaurant is different from a fast food joint.
The cost of living is obviously not it was a decade ago. You rightly noted that despite the cost of food, people still eat at restaurants and afford to splurge money on other things. It would be difficult to save enough money to invest in anything cause they obviously aren’t earning enough. Strive to earn more and there would be something left to save after settling expenses.
An average man likely doesn’t strive that hard to significantly increase his income level and that’s probably why he has just enough to eat, pay bills and survive.

The costs we incur to be able to eat at a restaurant will of course be greater than cooking, but with all the busyness that a person has, of course they have to choose to eat at a restaurant or at a fast food place, but if we choose to save money of course we We have to take the time to cook in order to save on our expenses.

Yes, of course the cost of living today is very different from before and if we can't live frugally of course it will be very difficult to have savings or even think about investing and if we can save on our expenses of course we will be able to save from the remaining needs. we have and will also be able to think about investing in our future, but if a man doesn't think about how to get a lot of income, of course they have to be able to reduce their expenses and limit themselves from choosing to spend their income uncontrollably.

[Onyeeze]

The cost of things has gone up so much so that it's glaring. Imagine paying 5-12$ for an average meal you could get before for 3$. The jump cost is extremely high. Cooking a meal at home can cost you the same amount you would spend on eating in a restaurant. Funny enough people still afford all these things without complaining. My anger is that we make money to spend it all into our normal life expenses. It's difficult now to save or invest unless you part of the rich people in society. An average man has to just eat, pay bills, and survive.

the cause of materials or commodities that Rise Up should be caused by the government of that particular nation because it's not all the country that is witnessing a hardship that is why I reference it to your home country because when a country is experiencing a hardship that means the people who is the power in that particular country lack the knowledge of governance and that is why some of them put their country into suffering because of lack of economy management and they also lack of unemployment and the lack of provision of food and services and social amenities

[Ben Barubal]

The cost of things has gone up so much so that it's glaring. Imagine paying 5-12$ for an average meal you could get before for 3$. The jump cost is extremely high. Cooking a meal at home can cost you the same amount you would spend on eating in a restaurant. Funny enough people still afford all these things without complaining. My anger is that we make money to spend it all into our normal life expenses. It's difficult now to save or invest unless you part of the rich people in society. An average man has to just eat, pay bills, and survive.

     All countries are experiencing such an overpriced cost of living. I have not seen anything that, with each passing year, the goods and needs have decreased; all are actually increasing. And I also think that will never be resolved.

     Right here in our country, there is nothing cheap; everything is expensive, and you have to strategize to earn money. Otherwise, many people will starve. For others, it's hard to spend money on what they want to buy, so they should be wise about what they buy.

[Ryu_Ar1]

When we talk about necessities even though prices are starting to rise we will still not be able to stop buying them because after all its something that must be done considering it is one way to make us survive with the current life even though we often complain but to support the needs we have , we will definitely keep bought again and again because its the only choice we can do .

In the current situation when inflation makes the value of money lower its very difficult for us to avoid prices that are getting more expensive because it also adjusts to the current situation , but we can't do much other than continue to follow the flow of market conditions .
Although in the end we will feel depressed because of the higher cost of living, we will not be able to do anything but complain about the situation, but we still do what we should do, such as shopping, even at higher prices to support our needs.

[Lanatsa]

The cost of cooking a meal isn’t comparable with eating at a restaurant. We should note that a restaurant is different from a fast food joint.
The cost of living is obviously not it was a decade ago. You rightly noted that despite the cost of food, people still eat at restaurants and afford to splurge money on other things. It would be difficult to save enough money to invest in anything cause they obviously aren’t earning enough. Strive to earn more and there would be something left to save after settling expenses.
An average man likely doesn’t strive that hard to significantly increase his income level and that’s probably why he has just enough to eat, pay bills and survive.

The costs we incur to be able to eat at a restaurant will of course be greater than cooking, but with all the busyness that a person has, of course they have to choose to eat at a restaurant or at a fast food place, but if we choose to save money of course we We have to take the time to cook in order to save on our expenses.

Yes, of course the cost of living today is very different from before and if we can't live frugally of course it will be very difficult to have savings or even think about investing and if we can save on our expenses of course we will be able to save from the remaining needs. we have and will also be able to think about investing in our future, but if a man doesn't think about how to get a lot of income, of course they have to be able to reduce their expenses and limit themselves from choosing to spend their income uncontrollably.

Eating outside or in restaurant is never been bad, the only in concern on here is on the time that you do it excessively even if you are someone whose really that a tight budget then it would really be that non ideal
for you to go outside on eating instead on cooking into your own home and save up tons but its true that there are really conditions that you would be needing to eat outside specially if you are a busy person
on who doesnt have the ample time for you to cook for your own food on which you would really be seeing this to be something more efficient and something you could say that it wouldnt really be affecting
you that much when it comes to budget.

Proper budget management would really be always the key for you not to be ending up on being broke on which this is a common approach for someone who would really be having
that kind of plans and preparations is that they've been wary about on the probabilities if they would do this and that.

[freedomgo]

I believe this is exact definition of inflationary corruption of society. Everyone knows prices are increasing but everyone also knows money they own now is more valuable than money of tomorrow. This causes people to spend their money on many different kinds of markets, so they will be avoiding becoming poorer over time. This is net negative for society, sure, but most individuals don't know how to properly invest their money anyways. Best thing they know is to spend.

People won’t live and survive if they never spend and buy their necessities in life. So that’s already given. However, if you only focus on spending and only earn from a single source of income, you will certainly become poorer and poorer in the process. That’s why taking investment is highly introduced and encouraged. That way, even if your expenses are high since the prices of basic commodities are also highly increasing, your investment profits will also be a lot of help to you to combat your financial problems.

[puloweh555]

The cost of things has gone up so much so that it's glaring. Imagine paying 5-12$ for an average meal you could get before for 3$. The jump cost is extremely high. Cooking a meal at home can cost you the same amount you would spend on eating in a restaurant. Funny enough people still afford all these things without complaining. My anger is that we make money to spend it all into our normal life expenses. It's difficult now to save or invest unless you part of the rich people in society. An average man has to just eat, pay bills, and survive.

This is all caused by inflation which causes all goods to rise and income does not increase so that there is no balance between income and rising prices of goods. This also happens in my country, buying food in restaurants is certainly expensive but there are still many people who actually buy it because they have no other choice but to buy the food. However, there are also those who choose to cook themselves at home but it still doesn't enable them to invest and save because the prices of basic ingredients have also increased.

Sometimes the cost of living is expensive not because we want it but because circumstances force us to. That's why many people today who have small incomes cannot invest and save. because their income only goes to food and bills to survive. The only solution in times like this is to increase your income level and manage your finances well so that you can allocate your money for long-term investments.

[BlackBaron]

I believe this is exact definition of inflationary corruption of society. Everyone knows prices are increasing but everyone also knows money they own now is more valuable than money of tomorrow. This causes people to spend their money on many different kinds of markets, so they will be avoiding becoming poorer over time. This is net negative for society, sure, but most individuals don't know how to properly invest their money anyways. Best thing they know is to spend.

People won’t live and survive if they never spend and buy their necessities in life. So that’s already given. However, if you only focus on spending and only earn from a single source of income, you will certainly become poorer and poorer in the process. That’s why taking investment is highly introduced and encouraged. That way, even if your expenses are high since the prices of basic commodities are also highly increasing, your investment profits will also be a lot of help to you to combat your financial problems.

That absolutely true, we can't just stick to one income, we have to look for other sources of income that can support our needs. By having several sources of income, We can get through the phase where the prices of all basic necessities rise due to Inflation. I think there's no harm in trying to learn new skills in addition to your main skills, using your free time to learn these new skills can provide opportunities to increase your income. If there is one source of income, it is also very difficult to divide it into several parts, including if we have the desire to invest.

[erep]

That absolutely true, we can't just stick to one income, we have to look for other sources of income that can support our needs. By having several sources of income, We can get through the phase where the prices of all basic necessities rise due to Inflation. I think there's no harm in trying to learn new skills in addition to your main skills, using your free time to learn these new skills can provide opportunities to increase your income. If there is one source of income, it is also very difficult to divide it into several parts, including if we have the desire to invest.

We have to look for other alternative income to increase monthly income, this economic condition is getting worse due to the impact of global inflation so that our income is getting lower because all basic needs for monthly needs are not met, the government must look for alternatives to deal with this problem to increase income for their communities, they must provide cheap alternative markets for basic needs from local producers rather than increasing imports which are detrimental to all communities.

The impact of inflation can be handled in agricultural countries because they have food for all basic needs without expecting imports from other countries. One hope of the people is that they want to have leaders who are competent and have integrity so that the leaders are able to handle everything aimed at the prosperity and welfare of society.

[Fakhrulenclix]

I believe this is exact definition of inflationary corruption of society. Everyone knows prices are increasing but everyone also knows money they own now is more valuable than money of tomorrow. This causes people to spend their money on many different kinds of markets, so they will be avoiding becoming poorer over time. This is net negative for society, sure, but most individuals don't know how to properly invest their money anyways. Best thing they know is to spend.

People won’t live and survive if they never spend and buy their necessities in life. So that’s already given. However, if you only focus on spending and only earn from a single source of income, you will certainly become poorer and poorer in the process. That’s why taking investment is highly introduced and encouraged. That way, even if your expenses are high since the prices of basic commodities are also highly increasing, your investment profits will also be a lot of help to you to combat your financial problems.

That absolutely true, we can't just stick to one income, we have to look for other sources of income that can support our needs. By having several sources of income, We can get through the phase where the prices of all basic necessities rise due to Inflation. I think there's no harm in trying to learn new skills in addition to your main skills, using your free time to learn these new skills can provide opportunities to increase your income. If there is one source of income, it is also very difficult to divide it into several parts, including if we have the desire to invest.

This is already required if our main income cannot fulfill many things, currently the increase in the price of goods is a natural thing to happen, but we also have to continue to fulfill all of that, so it is required that we can increase our income or earn a lot.
There are quite a lot of things that must be fulfilled, needs and desires and currently when the price of necessities is increasing, we have no other choice, anything will be done to be able to fulfill them all.

[DeathAngel]

Despite increasing prices people continue to spend. Inflation erodes the purchasing power of money making it necessary for individuals to spend more to maintain their standard of living. I guess societal & peer pressure as well as psychological factors like the fear of missing out drive people to spend. There is easy access to credit & the desire for instant gratification contribute to increased spending. People may also prioritise certain expenses such as basic necessities or personal preferences which leads to continued spending despite rising prices.

[Troytech]

The cost of things has gone up so much so that it's glaring. Imagine paying 5-12$ for an average meal you could get before for 3$. The jump cost is extremely high. Cooking a meal at home can cost you the same amount you would spend on eating in a restaurant. Funny enough people still afford all these things without complaining. My anger is that we make money to spend it all into our normal life expenses. It's difficult now to save or invest unless you part of the rich people in society. An average man has to just eat, pay bills, and survive.

That's not true, you don't need to be amongst the rich persons in the society to invest, their are several asset to invest and some you can start with very low amount, even investing in bitcoin is possible using DCA method, you can just allocate a percentage of your income to invest in bitcoin on a steady interval.

And DCA doesn't only apply to bitcoin but other asset too, some real estate companies allow you to pay on intervals until your done, the old reason stopping anyone fro investing is the zeal to take the risk or unwillingness to invest, u know people still giving excuses about buying bitcoin till date and would still do so even in near future despite whatever price it is.