Everything is over priced but people keep spending

[poodle63]

Rich gets richer and poor is getting poorer that's why you see long queue while you book a car or going to an expensive restaurant,etc. There is no way to turn this around unless you wakeup to the reality and starts making changes in your life that will lead to you make more money.

change is the only way.
if someone want to live comfortable life they better be ready to experience hardship because nobody went from rags to riches without doing anything or at least doing the same thing over and over unless certain person is extremely lucky which I don't think that gonna be the case for most for people.
as far as I know, even if someone coming from middle class they will always find hardship building business and increasing income.
people who want to get out of that circle of poverty need to learn how to make different approach than what they used to do so that they can actually get out of that circle.
otherwise its gonna be fleeting dream for most of people.
things could be started from by saving up some money for investment or education.

[DeathAngel]

The cost of living is ridiculous, wage increases are just not keeping pace with inflation but what option do people have? Some people will be putting household necessities on credit cards just to survive. If you’re lucky enough to have enough disposable income to do things you enjoy, not just necessities then you are in the minority & privileged.

[tiCeR]

Isn't perhaps one of the biggest problems that we call things now overpriced that have for a long time been underpriced? I think a lot of the negative aspects of our consumption behavior have for a long time not been priced into good and services. Or rather bads and services. You may get the point already.

I have recently watched a few documentaries about large-scale meat production and food production in general. Some of the documentaries were about agricultural production, but also about other kinds of highly processed foods. Meat is the most prominent example when I shop for groceries and realize how cheap some of it is, but once you saw some of those documentaries you also realize that it is barely acceptable to criticize the pricing as someone or something is paying for it. In this case it is the animals and to a large degree the environment. I know different people have different opinions here, but I concur that there are products which are overly expensive, but many of the products that people complain about may have been underpriced for a long time.

Since you said everything is overpriced, I thought I may give my 2 cents here. You could make a case for many many products that now seem to be too expensive while the reasons for those products to have been so cheap in the past should at least be looked at in more detail before making a final judgment.

Economies of scale and comparative advantage are important principles that the global economy and its supply chains are based upon, but this doesn't mean that the advantages these principles bring about are evenly distributed across the world and among people. Some will call inequality a necessary evil and I probably agree to some degree. But when supply chains get interrupted and the rich world suddenly has to bear the cost that the poor world was bearing for them, the outcry about expensive products deserves a closer look and a more sophisticated answer. 

[jrrsparkles]

Rich gets richer and poor is getting poorer that's why you see long queue while you book a car or going to an expensive restaurant,etc. There is no way to turn this around unless you wakeup to the reality and starts making changes in your life that will lead to you make more money.

change is the only way.
if someone want to live comfortable life they better be ready to experience hardship because nobody went from rags to riches without doing anything or at least doing the same thing over and over unless certain person is extremely lucky which I don't think that gonna be the case for most for people.
as far as I know, even if someone coming from middle class they will always find hardship building business and increasing income.
people who want to get out of that circle of poverty need to learn how to make different approach than what they used to do so that they can actually get out of that circle.
otherwise its gonna be fleeting dream for most of people.
things could be started from by saving up some money for investment or education.

The importance of keep trying again and again after every failed attempt is important for middle-class entrepreneurs to succeed because they don't have the privilege of financial backup from any other sources which can skip the steps to be successful but one who work hard really knew how to cherish their life once they reached certain stage in their life.

[Iroh]

One who chooses the traditional way of money making by getting a job and getting paid in salary will never get out of this circle for sure. The evolution of technology opened doors for everyone to make money but still we are reluctant to go out of comfort zone or taking the wrong move of going all in by taking a loan and starting out a business with no backup plan if the business doesn't go well and you have to pay back the debt.

Things are no longer what they used to be and the normal traditional ways of life are fast changing. In the old times, you could have a single job that would maintain a family and provide their needs on an average income. Today, with the inflation levels ravaging households all over, having an average income from a single job would nearly not be enough to sustain the needs of a household. With the advent of new tech and innovations, there is the need to step up, acquiring relevant skills and knowledge in order to remain relevant and wanted in the job market.

[Fara Chan]

The importance of keep trying again and again after every failed attempt is important for middle-class entrepreneurs to succeed because they don't have the privilege of financial backup from any other sources which can skip the steps to be successful but one who work hard really knew how to cherish their life once they reached certain stage in their life.

Trying again after failing in a business is something that is absolutely necessary for every entrepreneur who wants to achieve success. Because if after failing several times you can immediately feel frustrated, of course there is no success that can be expected from anything because everyone has to keep moving in terms of trying until they find success. Especially if it is not provided by anyone except ourselves through a business venture that we like and are very good at.

[Dewi Aries]

The importance of keep trying again and again after every failed attempt is important for middle-class entrepreneurs to succeed because they don't have the privilege of financial backup from any other sources which can skip the steps to be successful but one who work hard really knew how to cherish their life once they reached certain stage in their life.

Trying again after failing in a business is something that is absolutely necessary for every entrepreneur who wants to achieve success. Because if after failing several times you can immediately feel frustrated, of course there is no success that can be expected from anything because everyone has to keep moving in terms of trying until they find success. Especially if it is not provided by anyone except ourselves through a business venture that we like and are very good at.

There is nothing instant in terms of achieving success, meaning that success will not happen or is very unlikely to happen with just one try, for example we can see the journey of the process experienced by Jack Ma in establishing Alibaba until the number of failures is countless but with the intention and determination he has in the end he managed to establish his company, I am not a successful person but I am inspired by the many success stories that have been achieved by some famous people.

This means that there is no success without failure, it is always like that because success is not as easy as turning the palm of the hand, it requires struggle, intention and strong determination and has an unyielding spirit. However failure is a situation that is not desired by everyone who is running a business or business but on the other hand this is the risk that must be faced, the more you fail, the more experience and knowledge you will have until in the end some people who never give up succeed in achieving their success.

[uneng]

However failure is a situation that is not desired by everyone who is running a business or business but on the other hand this is the risk that must be faced, the more you fail, the more experience and knowledge you will have until in the end some people who never give up succeed in achieving their success.

We don't have any other alternative besides trying, and even if we fail, what we have to do is to try again... That is what keeps life going on. At some point it must work and the individual may see a considerable improvement in his life. I believe self-realization doesn't consist exactly in accomplishing goals, rather it's on the process itself of completing them that the person must feel self-realized. That is, to enjoy the moment, the present time and little moments life gifts us. Even if everything went wrong in the end, at least you can have peace of mind for having tried!

That is what I think about prosperity and richness. I may not be able to overcome the inflation or not be able to consume the overpriced goods I would like to be consuming right now, but at least I'm trying to persue a better future for me and people who I would like to proportionate comfort and welfare. And by finding pleasure and peace on the very act of attempting is encouraging.

[Juse14]

Rich gets richer and poor is getting poorer that's why you see long queue while you book a car or going to an expensive restaurant,etc. There is no way to turn this around unless you wakeup to the reality and starts making changes in your life that will lead to you make more money.

change is the only way.
if someone want to live comfortable life they better be ready to experience hardship because nobody went from rags to riches without doing anything or at least doing the same thing over and over unless certain person is extremely lucky which I don't think that gonna be the case for most for people.
as far as I know, even if someone coming from middle class they will always find hardship building business and increasing income.
people who want to get out of that circle of poverty need to learn how to make different approach than what they used to do so that they can actually get out of that circle.
otherwise its gonna be fleeting dream for most of people.
things could be started from by saving up some money for investment or education.

Any growth or boost in the economy is not just an application of the same old theories; it is a completely different science. To combat this kind of situation, people should get ready for struggles and take initiatives to improve, for example by creating their own business or increasing skills through learning. Otherwise, they may find themselves at a loss on how to escape the vicious circle of poverty.

The cost of living is ridiculous, wage increases are just not keeping pace with inflation but what option do people have? Some people will be putting household necessities on credit cards just to survive. If you’re lucky enough to have enough disposable income to do things you enjoy, not just necessities then you are in the minority & privileged.

According to the annual statistics, the rate at which the cost of living outpaces wage or income hikes remains much higher. A large number of people are left with no other option but to resort to credit cards for their basic needs. Only a few, whom luck has favored and nature or society has privileged, have the luxury of having something more than survival as the purpose of life. This glaringly exposes imbalances in resource sharing and wellbeing entitlements within the social setup.

[johnsaributua]

Yes it is real, everyone's dream of having a new leader can reduce the exchange rate of buying units in any fiat, but in reality it is getting swollen while the needs are increasing for the supplies used. Don't just for the lower scale people, the middle scale also feels the turmoil, in the end when income is unspoken, you can only cut needs even though it is important in daily use. indeed, the mandatory monthly budget should have income prisoners because for investment it should look at other freelances. there are many ways on the internet including on this forum, but not all people are tech savvy and may still like to work offline / conventionally which relies on time and physical work. i think in various regions there are those who are experiencing difficulties worse than what i experienced. hopefully our country's economy will recover soon wherever you are. the welfare of the people is judged by the adequacy of the economy including public facilities or the stability of the supply of necessities.

[junder]

We don't have any other alternative besides trying, and even if we fail, what we have to do is to try again... That is what keeps life going on. At some point it must work and the individual may see a considerable improvement in his life. I believe self-realization doesn't consist exactly in accomplishing goals, rather it's on the process itself of completing them that the person must feel self-realized. That is, to enjoy the moment, the present time and little moments life gifts us. Even if everything went wrong in the end, at least you can have peace of mind for having tried!

That is what I think about prosperity and richness. I may not be able to overcome the inflation or not be able to consume the overpriced goods I would like to be consuming right now, but at least I'm trying to persue a better future for me and people who I would like to proportionate comfort and welfare. And by finding pleasure and peace on the very act of attempting is encouraging.

Indeed, nothing is instant in life, to be able to reach the desired point, whether it is success or wealth or even financial freedom, of course we have to fight and sometimes we have to make sacrifices. even though failing to do it doesn't mean that's the end of it, if we fail to do something we have to be able to see why and what caused the failure, after we find the factor that was the factor of failure, then we have to be able to fix it well. and get up again to try again, because success lies in people who can struggle, not just stay silent and hope for a miracle to happen.

Moreover, failure does not mean that we are losers, but that we are someone who dares to move forward and tries to do something new. It's okay if you fail, because that is one of the formulas for success, and we should be able to try to balance everything that is currently very expensive. There are some young people who force themselves to buy what they want which has an expensive or high price, but they can't see themselves so it becomes a problem for themselves.

[hyudien]

The cost of living is ridiculous, wage increases are just not keeping pace with inflation but what option do people have? Some people will be putting household necessities on credit cards just to survive. If you’re lucky enough to have enough disposable income to do things you enjoy, not just necessities then you are in the minority & privileged.

In my opinion, when prices increase, people don't have many choices, maybe all they can choose is to avoid it in their own way, whether it's isolating themselves or something, with other options we have to be able to balance it with the way we have to work hard to be able to generate more income so that can fulfill the needs that should be had. Most people will definitely object, even in my country there are often demonstrations when there is an increase in prices, whether it is economic, such as kitchen raw materials or petrol or other bills.
It's true what you say, we are very lucky when we have enough money or income to meet our needs even though prices increase, but in my opinion, even though that is the case, those who are always well off must also have more or less a burden on their minds when the price of raw materials or other things increases, because Indeed, this is an additional thought, especially for people who are in the lower class or who have less stable incomes.

[Yaqs15]

We humans will always find a way to survive during the war in Asia they were relegated to eating weird insects and animals to survive now most of those rodents that were eaten during the wars are now served as nice dishes in Asia, we result to any means to survive.

To complain does nothing to any problem, our various governments are busy fighting proxy wars between themselves than to distinguish the big elephant in the room, which is the current inflation striking the global economy most of them are caused by these silly wars.

I believe the best way out for the low class is to acquire as many skills as possible, which will create different sources of incomes giving us the possibility of investing in opportunities like Bitcoin, save us from this impending crisis and prepare us for the future we deserve.

It's very important for one to learn how to adapt to changes in life.  When the condition is good, one should adjust himself and also vice versa.
Of course, spending is a continuous process since life wait for no one and for us to live, we will need one or two things in our lives which only money can give us access to afford it.
    So even though, things are over priced,       people must spend because nobody will give you anything for free. that's why they are been over priced in fact, the only thing that matters is, we should just try and discipline ourselves to adapt to changes by learning different kinds of skills to earn more than what we use to earn before to make things easier for ourselves.

[Dewi Aries]

However failure is a situation that is not desired by everyone who is running a business or business but on the other hand this is the risk that must be faced, the more you fail, the more experience and knowledge you will have until in the end some people who never give up succeed in achieving their success.

We don't have any other alternative besides trying, and even if we fail, what we have to do is to try again... That is what keeps life going on. At some point it must work and the individual may see a considerable improvement in his life. I believe self-realization doesn't consist exactly in accomplishing goals, rather it's on the process itself of completing them that the person must feel self-realized. That is, to enjoy the moment, the present time and little moments life gifts us. Even if everything went wrong in the end, at least you can have peace of mind for having tried!

That is what I think about prosperity and richness. I may not be able to overcome the inflation or not be able to consume the overpriced goods I would like to be consuming right now, but at least I'm trying to persue a better future for me and people who I would like to proportionate comfort and welfare. And by finding pleasure and peace on the very act of attempting is encouraging.

True, there is no other way we can do but keep trying and trying, failure is always a possibility but that's what you have to do if you really want to pursue success, there are some people who say that there is no harm in failing because by failing then it is the same as they climb one by one the steps where the failure you experience will obviously be able to give you experience and knowledge about what can and what not to do so that with this then you will be able to know more about what steps should be done next.

The real loss is when you don't try at all or when you just spend time sitting around, I heard that for people who have now achieved success they say that time is the most valuable thing than money because when you lose time then it means you lose a lot of money, because when you manage to make the best use of time then when you succeed then the money will come by itself as a reward for the hard work you did before.

Yes basically we as a society and individually it is difficult to overcome the problem of inflation because this is the task of the government but however it does not mean we have to give up on life because everyone faces the same situation but not everyone is smart in finding ways or solutions to minimize the risks.

[Iranus]

Cost living keep increasing day by day but not related with our payment salary keep stuck year by year without increasing significant, in my country Indonesia face most expensive with rice last several months ago and increasing reach more than 50% depend on last several months. But our government failed giving good solution how to make rice price back to normally and difficult how to manage financial condition behind payment salary keep the same without increasing drastically such as how increasing price of our daily needed.
Need reach financial freedom and have many kinds of side job, we can't depend on one job only behind every days the cost living increasing drastically and must adapt well with money management keep effective for spending daily needed and still left for saving assets when emergency fund needed.

Because increasing wages can help people keep up with the increase in commodity prices in the short term, but in the long term it will only make inflation larger and more difficult to control. That's why the government and businesses are in no hurry to raise wages for everyone. Controlling inflation is a difficult problem to solve and even developed countries like the US or China are facing difficulties, so for smaller countries, fighting inflation is no different from an impossible task. But people never understood this and they continued to complain that wages did not increase but commodity prices kept increasing.

In addition, small countries like yours and mine still depend heavily on developed countries, so it is not too difficult to understand when the government does not have a method to control inflation. Countries are closely interconnected, so how can one country contain inflation while larger countries are exporting inflation? The problem of economics and inflation is not as easy as we think.

Would really be that a common sense thing that you would really be needing to adjust if you have seen that you are struggling on day to day then it would really be just that right that you should really be
finding or looking for another job. You could really make some business or investment on which it could really be able to add up on overall income or money that you could really be able to earn.
Prices is never been that going forward, there might be some rollbacks but most of the time they do become that expensive on year to year basis on which it would be that normal that you do need to add up your
income source if your salary isnt really that enough anymore. You cant really be able to make yourself that ignore that stuff.

Its human instinct that you would really be having that kind of approach when it comes to this situation. You would really be having that kind of normal approach on things.
Needing to find solutions into problems. It might be sounding easy but its not but doesnt mean that it would be impossible.

We will not be able to do anything to change the reality of rising commodity prices, so instead of complaining and blaming the government, we should find a way to save ourselves, that is the only way. Yes, increasing our own income is the only way we can escape inflation, although it will be very difficult, if you don't do it, there is no better solution.

Inflation has been a painful problem for thousands of years, not just appearing in recent years. But many generations like our grandparents and parents have overcome it, so there is no reason why we cannot overcome it.

[MusaMohamed]

We will not be able to do anything to change the reality of rising commodity prices, so instead of complaining and blaming the government, we should find a way to save ourselves, that is the only way. Yes, increasing our own income is the only way we can escape inflation, although it will be very difficult, if you don't do it, there is no better solution.

Inflation has been a painful problem for thousands of years, not just appearing in recent years. But many generations like our grandparents and parents have overcome it, so there is no reason why we cannot overcome it.

Inflation is always upwards with time. We even can be misled by governments and their propaganda tools, like "Inflation is decreasing with efforts from governments and central banks" but fact is inflation does not decrease. It increases with time, steadily and governments take short term decrease of inflation to claim that it is their success.

Zoom out, we will not see any success from governments to control inflation and the bottom line is they create inflation, not eliminate inflation.

Commodity prices increase with time because of inflation and cost of production. Producers mislead their customers by selling an item at the same price but reduce its quantity, size and so on. If we don't notice, we can believe we are buying an item at the same price, but in fact, with time, we are buying it with higher and more expensive price.

[GigaBit]

Cost living keep increasing day by day but not related with our payment salary keep stuck year by year without increasing significant, in my country Indonesia face most expensive with rice last several months ago and increasing reach more than 50% depend on last several months. But our government failed giving good solution how to make rice price back to normally and difficult how to manage financial condition behind payment salary keep the same without increasing drastically such as how increasing price of our daily needed.
Need reach financial freedom and have many kinds of side job, we can't depend on one job only behind every days the cost living increasing drastically and must adapt well with money management keep effective for spending daily needed and still left for saving assets when emergency fund needed.

Because increasing wages can help people keep up with the increase in commodity prices in the short term, but in the long term it will only make inflation larger and more difficult to control. That's why the government and businesses are in no hurry to raise wages for everyone. Controlling inflation is a difficult problem to solve and even developed countries like the US or China are facing difficulties, so for smaller countries, fighting inflation is no different from an impossible task. But people never understood this and they continued to complain that wages did not increase but commodity prices kept increasing.

In addition, small countries like yours and mine still depend heavily on developed countries, so it is not too difficult to understand when the government does not have a method to control inflation. Countries are closely interconnected, so how can one country contain inflation while larger countries are exporting inflation? The problem of economics and inflation is not as easy as we think.

Would really be that a common sense thing that you would really be needing to adjust if you have seen that you are struggling on day to day then it would really be just that right that you should really be
finding or looking for another job. You could really make some business or investment on which it could really be able to add up on overall income or money that you could really be able to earn.
Prices is never been that going forward, there might be some rollbacks but most of the time they do become that expensive on year to year basis on which it would be that normal that you do need to add up your
income source if your salary isnt really that enough anymore. You cant really be able to make yourself that ignore that stuff.

Its human instinct that you would really be having that kind of approach when it comes to this situation. You would really be having that kind of normal approach on things.
Needing to find solutions into problems. It might be sounding easy but its not but doesnt mean that it would be impossible.

We will not be able to do anything to change the reality of rising commodity prices, so instead of complaining and blaming the government, we should find a way to save ourselves, that is the only way. Yes, increasing our own income is the only way we can escape inflation, although it will be very difficult, if you don't do it, there is no better solution.

Inflation has been a painful problem for thousands of years, not just appearing in recent years. But many generations like our grandparents and parents have overcome it, so there is no reason why we cannot overcome it.

We should focus on our control rather than limiting it as much as we can. The ever-increasing rise in commodity prices has affected all parts of the world. In these difficult times of inflation a man should adopt strategies to survive. Maximizing his personal income is an effective way to sustain himself. Besides the fixed income he has to look for some other income. Relying only for the government is not possible to avoid such calamities.  Increasing the source of income by increasing one's own labor force or increasing new investments in an investment platform can provide some resistance to the effects of inflation. Because the government does not have that kind of capacity. The government is usually powered by the economic power of the people of that country. If the people do not expand their income stream, there is nothing the government can do.

[FortuneFollower]

Absolutely, diving a bit deeper this situation really highlights the gap between income and the rising cost of living. Its not just about inflation it's about the value we get from our spending. It makes me think about the importance of financial literacy, like understanding where our money is going and identifying areas where we might cut back or invest more wisely.
The idea isn't just to survive but to find ways to thrive within our means. Its challenging but perhaps a chance to rethink our financial strategies and priorities.

[Renampun]

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 the reason why everyone who is currently struggling, needs to upgrade themselves, just imagine what would happen to your life if you didn't want to upgrade yourself, having 3 or 4 sources of income nowadays is actually no longer an extraordinary thing, everyone must have that, that's why you should never waste your time on something that has a long impact on your life.
I have started running an online business for the last few years, even though it is not stable, but I am sure that if I remain consistent, my income will remain constant, no matter how good luck is, it has been arranged by God.