How is the cost of living in your country?

[Nothingtodo]

Hi Guys,

I'm curious to know if there is a cost of living crisis in your country and if you are feeling the effects of rising goods and services.

I'm Australian, and the inflation rate in 2023 was over 4%.

I have noticed significant increases for everyday essentials like food, petrol and utilities.

The cost of petrol is around $2.10AUD per litre, which is insane.

Let's hope things improve in the near future because the current state of things is unsustainable.

In my country Bangladesh, the prices of goods are constantly increasing day by day, as a result of which the standard of living has become so poor that the common people are struggling to live a good life. I have beef at $8 per kg, rice at 60 cents per kg, sugar at $1.2 per kg.  Potatoes at 70 cents per kg. It has become difficult for common people like me to support the family with low income money.  If this continues, we will have to face a major disaster in the distant future.

[shinratensei_]

Let's say that the cost of living in a country where I'm in is that, one stable job is not enough especially if you are only earning the minimum wage or you are a minimum wage earner, thank fully I choose the field where the salary is quite high or to be exact in IT field, and right now with continuous increase of inflation rate minimum wage is not enough especially for those who has a family already that's why many people are only living with minimum they can't even enjoy the life because all things are costly. Well we can't control the flow of the economy so the only thing we could do is that we should find our way in order to earn extra, I mean if you want to have a good life where you can buy or get the things you want and need then find your way in order to earn more money if you will settle for less then expect that you will only have a hard time.

yeah the only way to live right now is having side hustle or having two jobs, sacrificing time in exchange for money is the way to go for average people, minimum wage won't cut it since we all pretty much already know that minimum wage can't really keep up with inflation.

for the people that could still get some money left despite having minimum wage because maybe they live frugal live and live alone in rather affordable apartment or some kind, always try to seek more opportunities through education and investments, I think its the only lucrative way of increase the chance to make higher income, otherwise we'd be stuck forever having minimum wage and jobs that pays minimum wage usually aren't really stable.

currently i'm grinding hard to increase my wealth through investment as well as getting my second degree, hope it pays off but no one can be sure and I also have my share of doubts that maybe my investment in education will turn into waste of money.
its overall tough situation the inflation does really eating up our money bit by bit, eventually it will become unbearable if government don't intervene or don't have any good solution. at some point there will be no more middle class but only rich people and poor people.

[bitgolden]

Gas being quite expensive is common all around the world, and it does make EVERYTHING more expensive, from a simple bottle of water to the most expensive you can think of, all of it were made using either gas/oil, or they were transported using it.

However, we need to remember that human labour still doesn't cost any gas at all, hence why the salaries are not growing as much as inflation did, and that's why people are poorer. If inflation was 11% in your nation and your salary increase that year was 8%, you feel like you got richer, and you still be able to cover that small difference by cutting down a small amount, but you are still poorer by definition. This is why every nation is doing terrible now, or at least people of them.

[~speedx~]

Life in my country has become very difficult now because of extreme inflation.The increase in the price of goods has made the life of the people more horrible. It has become difficult for the lower class to live a normal life.

[GeorgeJohn]

The cost of living of in my country is quite alarming, due to the fact that the price of petrol is high, the masses can't afford utilities,adequate food etc . The worst of part of it is that the government is not helping matters at all many graduates are out there searching for job, most of them involve in Internet fraud,  there are many qualified people for a particular job  but due to th corrupt practices in my country the politicians secure job for there children. The rich keep getting richer while the poor get more poor. Everything Is so expensive I'm my country...only God can help us from evil leadership.

[junmisakiro]

Hi Guys,
I'm curious to know if there is a cost of living crisis in your country and if you are feeling the effects of rising goods and services.
I'm Australian, and the inflation rate in 2023 was over 4%.
I have noticed significant increases for everyday essentials like food, petrol and utilities.
The cost of petrol is around $2.10AUD per litre, which is insane.
Let's hope things improve in the near future because the current state of things is unsustainable.

Similar to Australia, the cost of living crisis in Indonesia reflects unstable global economic conditions, which affect people's purchasing power. Rising prices of goods and services can cause financial stress on individuals and families, forcing them to spend more money to meet basic needs. This situation can also create uncertainty and economic difficulties for some people. as the saying goes "Money is not everything, but without money, everything is difficult" - this proverb describes the increase in the cost of living in Indonesia. Difficult economic conditions can have a big impact on people's daily lives, so it is important to have good financial management skills Good.
However, there is a view which states that despite the increase in prices of goods and services, Indonesian people are still able to survive and adapt to fluctuating economic conditions. Many of them are using savings strategies, looking for cheap alternatives, and increasing creativity in facing the challenges of increasing living costs.

[Sebas.tian]

Life in my country has become very difficult now because of extreme inflation.The increase in the price of goods has made the life of the people more horrible. It has become difficult for the lower class to live a normal life.

I think, the inflation is affecting the global economy, because the price of commodities has increased speedily in various countries of the world to make citizens to find it difficult to feed well, because their salary has been devalue based on the high price of commodities in the world.  I have seen many citizens protesting in some countries concerning the increase of commodities and other things in the country, I think some government are seriously working to reduce the high price of commodities and other things to enable the citizens to live well. Both the wealthy and the poor are experiencing this inflation, because the way investors use to make income in their investment, it has reduced because the inflation of the country is very high for citizens to cope well.

[lepbagong]

Life in my country has become very difficult now because of extreme inflation.The increase in the price of goods has made the life of the people more horrible. It has become difficult for the lower class to live a normal life.

I think, the inflation is affecting the global economy, because the price of commodities has increased speedily in various countries of the world to make citizens to find it difficult to feed well, because their salary has been devalue based on the high price of commodities in the world.  I have seen many citizens protesting in some countries concerning the increase of commodities and other things in the country, I think some government are seriously working to reduce the high price of commodities and other things to enable the citizens to live well. Both the wealthy and the poor are experiencing this inflation, because the way investors use to make income in their investment, it has reduced because the inflation of the country is very high for citizens to cope well.

Inflation doesn't just happen regionally, but it seems you are right in saying that it happens globally, so it's no surprise that this has an impact on every country, the most impactful of which are developing and poor countries. So that the prices of everything increases, but the income earned actually decreases because the value of all goods increases and is no longer commensurate with the income earned.
Citizens will naturally protest about the scarcity of certain materials, or that they are available but are expensive and are actually unaffordable. The government must intervene in the market to prevent prices from increasing, and it is not easy to do all that if this happens.
In a situation like this, what is feared is that many factories will close because production costs will become expensive, so that more unemployment will cause further difficulties.

[cryptoWODL]

Hi Guys,

I'm curious to know if there is a cost of living crisis in your country and if you are feeling the effects of rising goods and services.

I'm Australian, and the inflation rate in 2023 was over 4%.

I have noticed significant increases for everyday essentials like food, petrol and utilities.

The cost of petrol is around $2.10AUD per litre, which is insane.

Let's hope things improve in the near future because the current state of things is unsustainable.

In my country Bangladesh, the prices of goods are constantly increasing day by day, as a result of which the standard of living has become so poor that the common people are struggling to live a good life. I have beef at $8 per kg, rice at 60 cents per kg, sugar at $1.2 per kg.  Potatoes at 70 cents per kg. It has become difficult for common people like me to support the family with low income money.  If this continues, we will have to face a major disaster in the distant future.

The way inflation is happening in Bangladesh, it seems that in the near future the people of Bangladesh will fall into famine and even the lower middle class people will die without food. Because the prices of foodstuff, clothes and other things are increasing in this country which is a threat to the middle class and lower middle class people.

I am giving an example of the price of common edible oil in Bangladesh, currently the price of soybean oil in this country is Tk 200 per liter i.e. two dollars but earlier it was only Tk 100 per liter. Which has almost doubled compared to the previous price. Not only this product, there are many other products which are necessary for our life and their prices have almost doubled. Even though the price of goods has doubled, people's income has not been opened and even their income has not doubled. Prices of gas, oil, rice and pulses have increased. All in all, the cost of living in our country has almost doubled.