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

[Junii]

What telling OP is the reality majority of peoples facing today. A higher salary doesnt mean a better life or a better future if the person doesnt have a financial knowledge . Even i believe financial knowledge is very important to learn because in todays world peoples working hard for there needs and dreams but many doesnt knows that the real issue is the purchasing power. For example if there is a person whose income grows slower as compared to inflation he becomes poorer day by day . Secondly just saving money in todays world alone is not a solution specially at the time when the local currency consistently losing value. Thats why i believe to invest in assets is necessary . There are a lot of assets available but my favorite which i believe in the long term is Bitcoin because bitcoin works like a hedge against inflation and long term currency weakness.

[Abdulzuruku01]

Neither salary nor inflation is making people poor, but people are making themselves poor. The people making other people are those who contribute to the high rise of inflation. Inflation in a country is a normal thing because, as the world continues to progress, population increases, and there is scarcity of some natural resources, but when inflation starts increasing rapidly, it is no longer a result of the scarcity of resources but as a result of human greed and lack of contentment. Those with the power to influence the rise of goods and services do so without good reason. Their aim is to make a quick profit and a massive gain.

High cost of living is part of that issue and the reason why people may be collecting salary still be poor. If you observe, in some nations some salary earners can not even fulfill the family's responsibilities talk more of owning a house and other necessities. aside from that, Lack of planning and financial management is play major role in making people to become poor, despite high inflation some individuals are not thinking of how to grow or invest their little salary in other for it to become big. Some people are earning small salary and struggled to buy something that will become a liability on them. Even without high inflation lack financial management can make salary earner to remain in poor.

[slapper]

What telling OP is the reality majority of peoples facing today. A higher salary doesnt mean a better life or a better future if the person doesnt have a financial knowledge . Even i believe financial knowledge is very important to learn because in todays world peoples working hard for there needs and dreams but many doesnt knows that the real issue is the purchasing power. For example if there is a person whose income grows slower as compared to inflation he becomes poorer day by day . Secondly just saving money in todays world alone is not a solution specially at the time when the local currency consistently losing value. Thats why i believe to invest in assets is necessary . There are a lot of assets available but my favorite which i believe in the long term is Bitcoin because bitcoin works like a hedge against inflation and long term currency weakness.

All fiat currency has seen its value diminish over time. Roman denarius, Weimar mark, whatever. This literally just the historical record.

No central bank can print more because it is a decision on policy. Whether you think Bitcoin is perfect or deeply flawed the structural logic is sound? Scarcity vs infinite issuance. The philosophy is not bothered by your opinion on crypto twitter. If you believe this and you believe that the currency has to depreciate over time, you're also believing that the system that you trusted for your savings throughout your life was not designed to protect you. It was designed to allow governments monetary flexibility. The variable that is adjusted is your purchasing power.

This is why most people don't like it. The implication is too big. It changes your perspective of everything: work, retirement, promises made by institutions.

Financial knowledge as you said. That's the real advantage.

[programmer3666]

A lot of people are working harder every single year, earning more on paper yet somehow life still feels more expensive and heavier for them, The problem isn’t always low salary.... sometimes it’s inflation quietly stealing the real value of that income. Imagine you get a 20% salary increase, but food, rent, transport, and basic living jump by 40%… so are you really progressing? The numbers look bigger, yes, but the purchasing power keeps shrinking, that’s why the informed people are now looking beyond normal savings and considering Bitcoin, not because they want to gamble, but because holding weak currency can feel like guaranteed loss. For people thinking long term, DCA into Bitcoin with spare income starts looking less like speculatin and more like protecting future value.

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

Many people are earning more money today, but the cost of living is increasing even faster, so it still feels like they are struggling. Inflation quietly reduces the real value of salaries and savings over time. A person who could comfortably buy food, pay rent and save some money with $100 a few years ago, but today even $300 may not feel enough because prices of almost everything have gone up. That is why many people now look for assets like Bitcoin, land or businesses to help protect their future value instead of depending only on salary.

[r_victory]

The big problem, at least where I live, is that salaries are getting smaller and smaller compared to the price of even the most basic products. The so-called "basic food basket," which aims to sustain a family with items like rice, beans, flour, and other products, costs between 50% and 60% of the salary. Imagine adding rent, a reality for many here; there's nothing left. Politicians' salaries receive significant increases whenever possible, while the minimum wage, even though it increases annually, has an insignificant adjustment.

[logfiles]

The other day, I had a friend of mine get informed by her employee that they were going to cut her salary by 10% citing "operational costs". I know the other option would be to lay her off, but they can't do that since she's the heart of the company

Honestly what would you call such a situation with the inflation getting crazy lately. One would think the employer would encourage her by bumping up her salary to help here through the hard times, but they instead did the opposite.

[2stout]

Inflation is just 1 part of what is making people poor.  The fiat printing press is another as it devalues money so your purchasing power is less.  Another is corporate greed as executive compensation has exploded while typical wages have remained flat for years when adjusted for inflation, while the cost for everything goes up- and when there are layoffs, they typically don't backfill and folks wind up doing the job of 2 or more people without additional compensation.  So basically it's a confluence of things that are making people poor, including inflation.

[Cgrexp]

Instead of thinking of increasing wealth by increasing salary, one should not be indifferent to one's purchasing power, savings and investments. If one wants to increase wealth in the long term, then only increasing income is not enough. There are many who cannot build wealth even by increasing income. On the other hand, many can make large savings in the long term even with limited income. Inflation is like an invisible battle in our lives. And to survive here, we need awareness, proper savings and prudent investment. And just as income should be converted into wealth, attention should also be paid to the fact that it can increase in value over time.

[Adiljutt156]

A lot of people are working harder every single year, earning more on paper yet somehow life still feels more expensive and heavier for them, The problem isn’t always low salary.... sometimes it’s inflation quietly stealing the real value of that income. Imagine you get a 20% salary increase, but food, rent, transport, and basic living jump by 40%… so are you really progressing? The numbers look bigger, yes, but the purchasing power keeps shrinking, that’s why the informed people are now looking beyond normal savings and considering Bitcoin, not because they want to gamble, but because holding weak currency can feel like guaranteed loss. For people thinking long term, DCA into Bitcoin with spare income starts looking less like speculatin and more like protecting future value.

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

Both employees and employer are affected with the increasing inflation. Salary adjustment close to be a passive reflection of the economy is not true the real income of the workers is slowly decreasing because of the wages and that wages fails to keep our with the rising prices of everything around them entrepreneurship and investing can create long term wealth but it requires a huge amount of money that is not realistic for everyone. As you said that entreprenurs  creates wealth but the value in the society comes from the normal workers,  also for doing investment and compound interest systems they require extra income which many people do not have fair wages and stability matters.

[ndutndut]

you're right. if inflation grows faster than salaries, people are basically not moving forward financially.
thats one reason many people see bitcoin as protection against losing purchasing power over time.

If we look at how the current economic system works even from the past that's why we remain poor. Bitcoin was born to address this issue, as it represents freedom and with it we can protect against inflation.

Inflation can eat away at your savings. Money in a regular checking account loses 5% of its value every year. You feel secure when in reality it's slowly bankrupting you. Furthermore, the education system molds you into an employee. We can see this in 12 years of school there's no lesson on investing or how money works. Furthermore, lifestyle creep is designed to deplete your income before it has a chance to grow. The rich know all this. That's why they game the system, not fight it. Now we have one asset that can combat all of this: Bitcoin. So keep saving Bitcoin to avoid poverty especially for yourself.

[Muba20]

Neither salary nor inflation is making people poor, but people are making themselves poor. The people making other people are those who contribute to the high rise of inflation. Inflation in a country is a normal thing because, as the world continues to progress, population increases, and there is scarcity of some natural resources, but when inflation starts increasing rapidly, it is no longer a result of the scarcity of resources but as a result of human greed and lack of contentment. Those with the power to influence the rise of goods and services do so without good reason. Their aim is to make a quick profit and a massive gain.

High cost of living is part of that issue and the reason why people may be collecting salary still be poor. If you observe, in some nations some salary earners can not even fulfill the family's responsibilities talk more of owning a house and other necessities. aside from that, Lack of planning and financial management is play major role in making people to become poor, despite high inflation some individuals are not thinking of how to grow or invest their little salary in other for it to become big. Some people are earning small salary and struggled to buy something that will become a liability on them. Even without high inflation lack financial management can make salary earner to remain in poor.

Even though low-income people try to get out of poverty, they often cannot get out of it. Due to inflation, their financial condition does not improve even after ages. But there is no logic in blaming inflation alone. Because there are many who can get out of bad situations. Especially those who have good personal financial planning are able to get themselves out of such situations. There are many people who, even if they temporarily put themselves in trouble, get themselves out of that situation through a good economic plan. Even in difficult situations, they try to collect money and change their situation through a new investment. Although they suffer a lot of temporary hardship, they are definitely successful in the long run.

[DYOR+BTC]

Instead of thinking of increasing wealth by increasing salary, one should not be indifferent to one's purchasing power, savings and investments. If one wants to increase wealth in the long term, then only increasing income is not enough. There are many who cannot build wealth even by increasing income. On the other hand, many can make large savings in the long term even with limited income. Inflation is like an invisible battle in our lives. And to survive here, we need awareness, proper savings and prudent investment. And just as income should be converted into wealth, attention should also be paid to the fact that it can increase in value over time.

Everything has limitations on what it can and what it can't do, same also is salary limited to a specific duty. Salary i know is the stepping stone towards building wealth but can not single handedly be used in building wealth.  To become wealthy what is needed is to establish  a business and can not be archived through salary alone.
Although I see business as the primary tool required in wealth building because with the way our current economy is flaunting it is difficult because buoyant financially through salary alone

[fruktik]

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 describes the situation in my country perfectly. Official, controlled sources talk about one level of inflation risk (around 4-5%), while store prices are rising by 30-50%. Who's blatantly lying here? That's a rhetorical question.

It's one thing to discuss wage indexation, but quite another to witness massive layoffs and layoffs. This trend is only gaining momentum due to the escalating financial crisis and the massive budget deficit. The state of the economy is so catastrophic that the government can no longer even hide it, despite its control over all media outlets.

[Danica22]

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 describes the situation in my country perfectly. Official, controlled sources talk about one level of inflation risk (around 4-5%), while store prices are rising by 30-50%. Who's blatantly lying here? That's a rhetorical question.

It's one thing to discuss wage indexation, but quite another to witness massive layoffs and layoffs. This trend is only gaining momentum due to the escalating financial crisis and the massive budget deficit. The state of the economy is so catastrophic that the government can no longer even hide it, despite its control over all media outlets.

I do not know where you are from, but this is a global issue, not just a problem in your country. Inflation on paper is alway lower than real inflation, and that is how governments control the economic narrative.

By reporting low inflation, they can maintain low interest rate, print more money and avoid raising wages or subsidies. That is how governments quietly shift the burden onto their own people without facing any significant pushback .

[ChocolateBitcoinK]

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.

Not all types of savings are harmful. We mainly keep money in the bank for financial security and also as a preparation for emergencies. If we invest the money in Bitcoin or any volatile asset for emergency funds, then it may not be available quickly if needed, and if the market situation is bad, it may cause financial losses. The idea of an asset that works against inflation is reasonable.

However, I think the risk of each asset is different. If we think about gold, it is known as a means of storing value. However, gold does not generate regular income. Again, if we think about Bitcoin, the price of Bitcoin has increased a lot in the long run but can decrease rapidly in a very short time. If we think about land as an asset, the price of land can increase, but it is mainly based on its location and legal and market conditions. There is no safe guarantee that the price of every asset will increase in the future. It is good to focus on investments, but at the same time it is important to increase the income potential. So I think some money should be kept in a place that is safe and easy to use.

[Zaka1221]

Instead of thinking of increasing wealth by increasing salary, one should not be indifferent to one's purchasing power, savings and investments. If one wants to increase wealth in the long term, then only increasing income is not enough. There are many who cannot build wealth even by increasing income. On the other hand, many can make large savings in the long term even with limited income. Inflation is like an invisible battle in our lives. And to survive here, we need awareness, proper savings and prudent investment. And just as income should be converted into wealth, attention should also be paid to the fact that it can increase in value over time.

Salary is making people rich to many people as you are taking Money on monthly basis . People are making money because they have no any work to do . Many business people are Investing their business and they are getting rich And that is making them more richer . Many people are taking loan from the Banks and they are doing business. People are earning from different platforms and they are getting profit from that And if you are Investing other people money you will be in profit because you invested nothing at all . Salary is good because when you have nothing it provides good base to be successful in life and you can start your side business with that you can earn more and develop that business to upper level.

[I_Anime]

A lot of people are working harder every single year, earning more on paper yet somehow life still feels more expensive and heavier for them, The problem isn’t always low salary.... sometimes it’s inflation quietly stealing the real value of that income. Imagine you get a 20% salary increase, but food, rent, transport, and basic living jump by 40%… so are you really progressing? The numbers look bigger, yes, but the purchasing power keeps shrinking, that’s why the informed people are now looking beyond normal savings and considering Bitcoin, not because they want to gamble, but because holding weak currency can feel like guaranteed loss. For people thinking long term, DCA into Bitcoin with spare income starts looking less like speculatin and more like protecting future value.

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

Yeah inflation is still part of it , though the truth is that sometime salary alone can’t get you the life you have thriving for . That’s where investing and having other sources comes in , leaving your money idle is like you asking inflation to do its worse that’s why is best to invest on asset outpace inflation like our very own Bitcoin . Though there are other asset that can help in such area too but Bitcoin is quite easier when come to being in our reach we don’t need enough capital like real estate before we can start .

[ingiltere]

The government sets the minimum wage. The government agency announces the inflation rate. Normally, if inflation is actually 100% but this agency reports it as 30%, the government will give a smaller than necessary raise to wages. In this case, the public's purchasing power decreases.

This is another way of stealing money from people's pockets. Governments that have been in power for a long time use this method to try to hide the poor state of the economy. Even if inflation is high, they manipulate the numbers to make it appear low. In reality the situation is very different. Unfortunately a large portion of the people can't see what's really happening.

[ChocolateBitcoinK]

A lot of people are working harder every single year, earning more on paper yet somehow life still feels more expensive and heavier for them, The problem isn’t always low salary.... sometimes it’s inflation quietly stealing the real value of that income. Imagine you get a 20% salary increase, but food, rent, transport, and basic living jump by 40%… so are you really progressing? The numbers look bigger, yes, but the purchasing power keeps shrinking, that’s why the informed people are now looking beyond normal savings and considering Bitcoin, not because they want to gamble, but because holding weak currency can feel like guaranteed loss. For people thinking long term, DCA into Bitcoin with spare income starts looking less like speculatin and more like protecting future value.

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

Yeah inflation is still part of it , though the truth is that sometime salary alone can’t get you the life you have thriving for . That’s where investing and having other sources comes in , leaving your money idle is like you asking inflation to do its worse that’s why is best to invest on asset outpace inflation like our very own Bitcoin . Though there are other asset that can help in such area too but Bitcoin is quite easier when come to being in our reach we don’t need enough capital like real estate before we can start .

I also agree with you, if we want to be limited only to the fixed salary of our job, then we will definitely not have any financial basis for the future. We will not be able to easily realize our dreams, we will not get the good lifestyle that we expect. Because if we spend all of our fixed salary, then we will not have any money in hand to do something good, there will be no arrangement, then how can we get anything good in the future? So, no matter what, we should start an investment or business, only then will our opportunities continue to be created, and we will get a good financial basis at some stage.

[sunsilk]

The government sets the minimum wage. The government agency announces the inflation rate. Normally, if inflation is actually 100% but this agency reports it as 30%, the government will give a smaller than necessary raise to wages. In this case, the public's purchasing power decreases.

This is another way of stealing money from people's pockets. Governments that have been in power for a long time use this method to try to hide the poor state of the economy. Even if inflation is high, they manipulate the numbers to make it appear low. In reality the situation is very different. Unfortunately a large portion of the people can't see what's really happening.

And take note about the taxes as well. People pay taxes while they're being robbed through fake reports about the inflation.

They're reporting lower than what actually it is so that they won't panic but it's visible and experienced through the actual purchases.

The money the minimum wagers earn is being felt heavily because they see the reality about it when the price of everything gets more expensive.