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

[liasbaa]

I believe your words, because it is not possible to lead life in the same way all the time with salary. But salary makes people rich but it requires a lot of hard work. And after meeting the needs of daily life, money has to be saved. Here is the problem of many people they always think, Salary is nothing left after making a living but this is a complete misconception. At the end of the month after meeting all the needs we will have some money left, and that money has to be invested. This will jobs as well as other sources of income and prevent inflation.

Salary doesn't make you rich, but it will keep your daily and monthly expenses running and keep you in a comfort zone. The only exception to this is if you are a very good post and in a multinational company, then you can assume that you are earning something substantial which you can also save after meeting your monthly expenses.

Also, inflation affects the salary class more severely than the business class. Salary doesn't increase with the rise in inflation, but if you're doing business, you may increase the price of your product anytime to cope with inflation.

Actually it depends on which country you live in and how skilled you are. Some people cannot meet their basic needs by working while others can get into a good financial position. It takes a long time for a job holder to become rich because the salaries of most private companies are relatively low. You are right that some high-ranking employees working in multinational companies get the opportunity to work at higher salaries, get other benefits and become rich very quickly.

Inflation causes financial losses for every level of people in a country, especially for the poor. Although the negative impact is less for the rich community, they can face huge financial losses in business. The impact of this loss can be even greater for investors because the price of goods increases due to the financial losses of a country and the purchasing power of investors decreases.

[Mr_Brilliant$]

Salary can only make one Rich that's if they invested it somewhere, those who live by salary i mean those who depend on thier salary without having other source of getting money like business or Investment is likely not to get rich through their salary because the bills on thier table is way too much so after sorting this bills they may not have enough money Left with them and if they didn't Invest it somewhere there's every possibility of spending it and keep waiting for another pay day, however salary can actually make one Rich that's depending on how it's been manage.

Salaries are not increasing with rate at which inflation is increasing. If you are dependent on salary only then you will suffer in the long run because with time it will be difficult for you to complete a month on salary only. Therefore for salaried person, its important to have other sources of income also and in today's world its not difficult to find an online work that can give you a decent return every week or month. Increasing your earning is better then cursing the every increasing inflation.   

Exactly.. When your salary or earning power is not increasing alongside inflation, inflation will for sure catch up with you, and that is where the real suffering starts from..

Inflation has always been constant for years, and we have seen prices keep going higher and higher..  So what really separates people financially is the ability to increase their earnings too… Because if income stays the same and expenses keep rising, then surviving will become harder with time..

[CageMabok]

Exactly.. When your salary or earning power is not increasing alongside inflation, inflation will for sure catch up with you, and that is where the real suffering starts from..

Inflation has always been constant for years, and we have seen prices keep going higher and higher..  So what really separates people financially is the ability to increase their earnings too… Because if income stays the same and expenses keep rising, then surviving will become harder with time..

Currently, governments in some developing countries are also struggling to control inflation, so the impact is certainly felt by everyone. Because in addition to having to increase our individual incomes, controlling inflation so that it doesn't continue to rise also requires everyone to cooperate, so cooperation between ordinary citizens and the government is also essential. Especially now that every worker's salary is always difficult to increase, it can make it difficult for everyone to meet their daily needs. And I personally have experienced this kind of difficulty for the past six months, so I'm also trying to find a way out of the difficulties that are plaguing me.

[Cheema02]

Salary earners cannot deal with inflection at all and that is the challenges  we are facing, the biggest problem is that you will not have time to venture into a different way so that you can fill up the gaps that salary cannot fill. Salary paying job is a big trap and that is why our money got eat up by inflection, honestly having different stream of income is actually the best thing for a man, even a woman but especially man because he is the head of the family and his responsibility is to take off his family and their needs, no matter how big the salary is, you will still face challenges because some people believe that if you are being paid a very huge salary you will be a balance, one thing I want them to understand is that the higher the money the higher the problem.

Inflation affects mostly the sallery earners and no matters how much individuals can be eraned because they earned a fix ammout and if there spending increases and the income remains same then actual difficulties starts. So individuals trape in that circle where they just focous on survival. In this situation rely on one income source is very difficult. If individuals have some side business and investments then its helps lot in emergencies. Higher salaries always don't give financial freedom because expenses always increases and saleries remains same. Financial freedom is not means to earn money its means that you must have multiple way of sources and have strong plannings about future to remain updated upcoming income resource for financial growth.

[ruykeri]

You are actually right in your own way because inflation is what has made the price of goods and services which automatically has increased the cost of living. The the truth is depending on a monthly salary is actually what makes people poor this is because salary is not what one should depends on knowing that salary cannot settle your bills and give you a comfortable life. So invariably speaking salary is what makes people poor due to the effects of inflation which has rendered it useless.

The thing works in such a way that the rate at which salary increases, inflation increases at a higher rate. As a result, even if the salary increases, there is no benefit. Because the prices of everyday goods continue to increase more. On the other hand, many people keep fiat currency savings in the bank for long-term financial security, which causes even more losses. Because the rate at which the bank will give them interest, inflation will also increase more than that. As a result, at the end of the day, the money saved from so many days' salary will not be of much use. So it is wise to invest in something and hold it long-term, which has the potential to increase in price a lot in the future and which can work against inflation. For example, gold, Bitcoin or land can also be a good option.

[puloweh555]

Exactly.. When your salary or earning power is not increasing alongside inflation, inflation will for sure catch up with you, and that is where the real suffering starts from..

Inflation has always been constant for years, and we have seen prices keep going higher and higher..  So what really separates people financially is the ability to increase their earnings too… Because if income stays the same and expenses keep rising, then surviving will become harder with time..

Currently, governments in some developing countries are also struggling to control inflation, so the impact is certainly felt by everyone. Because in addition to having to increase our individual incomes, controlling inflation so that it doesn't continue to rise also requires everyone to cooperate, so cooperation between ordinary citizens and the government is also essential. Especially now that every worker's salary is always difficult to increase, it can make it difficult for everyone to meet their daily needs. And I personally have experienced this kind of difficulty for the past six months, so I'm also trying to find a way out of the difficulties that are plaguing me.

I don't understand your point about the need for community government cooperation, as I understand the public lacks the capacity to address inflation. In my opinion, poverty is a major factor in inflation and inflation can be addressed by the government through policies. To increase low work productivity the government must also play a role in policies to improve education and skills. Furthermore, corruption and inefficiency in state spending also contribute to addressing inflation.

Fundamentally, inflation is a major factor exacerbating poverty especially inflation that is not accompanied by wage increases. When prices rise, the cost of living increases, but wages remain stagnant, reducing people purchasing power. This ultimately leads to inflation which severely impacts the poor and lower-middle class. In reality, in many countries high and uncontrolled inflation often triggers increased poverty.

[WatChe]

Exactly.. When your salary or earning power is not increasing alongside inflation, inflation will for sure catch up with you, and that is where the real suffering starts from..

Inflation has always been constant for years, and we have seen prices keep going higher and higher..  So what really separates people financially is the ability to increase their earnings too… Because if income stays the same and expenses keep rising, then surviving will become harder with time..

This is need of the hour to work extra to have extra money in your pocket otherwise you need to have huge salary to meet your requirements. The companies that pay well also take good amount of work from there workers and its not easy to find a job that pays you huge salary. Its useless to cry on increasing inflation rate and blame governments for that. We have the option to beat inflation and if we are not availing that option then we have no right to cry on inflation.