Salary is not making people poor.... Inflation is

[freedomgo]

Salary is just one source of income, if you rely on it alone with a low minimum wage of income, you will really can't get rid of poverty. But if you will make this inflation crisis as your motivation to improve your skills and knowledge, and attract more side hustles, I guess that would be an effective way to reduced poverty and grow your income. Inflation does not make us poor, but our poor mindset is.

[Minor Miner]

Inflation does not make us poor, but our poor mindset is.

Is this true? I do not think so. Inflation is making us poorer, especially those with low incomes. Inflation causes prices to rise rapidly, reducing purchasing power while basic wages fail to keep pace. Inflation is devaluing our money every day and forcing us to work harder and think more to earn more money in order to compensate for and cope with inflation.

There are many causes of poverty, inflation and a poverty mindset are among them.

[Marvelockg]

In my opinion the biggest financial trap is believing salary growth alone creates wealth… while inflation is quietly eating everything behind the scenes. We have a lot of unseen battles folks

As inflation is getting worse, cost of housing is not doing well either and overall, depending on your salary structure alone can never meet up with all these things that are eating up your income like never before.

As an individual, there's very little that you can do about the effect of inflation because it's caused by the government, big players of industry and institutions. If you're not ready and willing to grow your income in a way that's proportionate to rise in almost all the things you will eventually deal with, you're going to face serious hit and that's why most households that depends on Thier salary structure alone mostly suffers from inflation.

[barbara44]

I was born in 1993 and at that time the price of gold was 100 times less than the current price. The price of vegetables and fruits were 30 times less than the current prices and the fact is the prices in developed nations is still not increased in their that much but in poor countries it did.. why? the reason is all around the economy. My country is suffering because we are indebted by IMF, the printing of excessive fiat and off course the corrupt mafia politicians who are their to serve our country instead they are parasites and feed on our bloods. So, your suggestion of buying bitcoin an holding it for long-term could give even a middle man a bountiful output.

Gold is a precious metal or a type of an asset which appreciates in value overtime. So its value have risen by many folds are not caused by the inflations. Prices in developed nations did increased too a lot mate. There is even that picture I saw last time on how the items in the US got heavily affected by it.

And then, there is also that picture of a dollar that it's like it is burnt or teared down on some of its parts, showing how its value got degraded all throughout the years. But after all, they still have an edge over us like the value of their money is still higher than on us but that is also a good thing if we are paid in other currencies like the dollar, because it makes our salary to get pumped up a little.