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

[lombok]

This point you made is just the honest truth. In a situation when there is high inflation like this and one isn’t able to manage their resources because the money is no longer enough, they won’t even be able to save again and that’s where poverty begins. Gradually, with high rise of inflation on a daily basis and same income with no increase, one can easily go into debt at the process of trying to meet up with necessities because the funds are no longer enough, even if you try to live within your means, you might still fall into debt since the income can’t cover up for expenses again.

Inflation is main cause of all affairs in our lives, as we want to save money from our income but that is not possible if currency's value is going down and government is printing more and more money according to its needs. There are no people who like to buy costly food, but now people are forced to buy costly food and basic things in life. All people are working in family, but still they have no saving because their investment is nothing and investment is most important if you want to be rich. Still, if people have no money to save, then how will they invest? But there is a option for them to think about taking debt from banks. They will be rich if they have practical skills and they have experience in business but if they have no experience, they will lose their all Money.

The deterioration in the purchasing power as a result of over-printing the money can destroy the potential of capital accumulation of the lower classes. Living expense has become out of proportional without an equal rise in income, and people are forced to expend all their incomes to live.

When you have no experience in running a business, bank loans do not present the answer, and the possibility of going bankrupt, at most, adds to the finances. Technical skills and an adequate risk awareness should be considered prior to embarking on the business arena with a sense of caution.

[LogitechMouse]

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.
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Just to add to what you said, I really do agree that people make themselves poor. How?
1. Their decisions makes their future, and if you make bad decisions over the years, you will become poor.
2. Your source of income makes you poor as well. If you settle to just one source of income, you should know that inflation is there, and your salary might not cope up with it hence, your buying power will be lowered which will make you poor over the long run.3

Inflation is a normal thing, and there's no way for us to eradicate it. The best thing to do? Defeat inflation. How? There are numerous things. One is adding source of income to defeat it. Second is to invest into profitable asset classes like Bitcoin, Real Estate (REITS in particular), and maybe Gold I guess for long term investments. We've seen countries that has a high inflation rate, but those who are intelligent know that putting their money into different asset is their best option that's why they're doing it. Those who don't? Will remain poor and struggling for the rest of their lives. Well, that's how the world we are living in is right now.

[fruktik]

If a person salary remains the same but the prices of everyday things continue to increase, then this reduces the purchasing power of things. Due to this, a person has to face financial difficulties, just as today there is money but things do not come as they should, due to which he becomes a victim of financial pressure. This creates a little difficulty in a person's life. This also emphasizes that a person's life does not depend only on his salary, but on how many things he can buy with it. When inflation increases, a person with a salary also faces difficulties.

In my country, utility rates have been going up again since October. This is the second time this year. How are we supposed to survive under these conditions? And wages haven't even been indexed in the last two years.

Inflation is hitting the family budget so hard that it's enough to make you want to scream. We'll have to somehow adapt to the new circumstances. I'll probably have to find another part-time job to cover all these expenses and stay at the same level.

[Bitcoin_effect]

Feels like both, honestly. Inflation is the culprit definitely eroding our purchasing power, but salary isn't increasing at a good pace either, requiring ppl to take up more than one job and why everyone is involved in investing. Govt.s need to do better, but that’s a lost cause, shouldn't be, but it is.

 Both inflation and salary need to move in opposite directions to make ppl prosper.

[Comeacross]

Just to add to what you said, I really do agree that people make themselves poor. How?
1. Their decisions makes their future, and if you make bad decisions over the years, you will become poor.
2. Your source of income makes you poor as well. If you settle to just one source of income, you should know that inflation is there, and your salary might not cope up with it hence, your buying power will be lowered which will make you poor over the long run.

I agree with your first and second point. Our decision plays a vital role in defining our future. If you have poor money management, you don't plan and you don't save, even with a good salary, you're likely to remain poor. On the source of income, it's naturally dangerous to rely on just a single source of income. If you're earning is limited, you become more poorer anytime inflation spikes.

I don't blame people for being poor. Of course, their actions contribute but government plays a huge role too. Government policies are the reason why so many people are poor. Inflation itself is as result of bad policies from the government. They keep printing non stop when they mismanage the economy and the consequences of their action is inflation that affect everyone.

[angrybirdy]

Feels like both, honestly. Inflation is the culprit definitely eroding our purchasing power, but salary isn't increasing at a good pace either, requiring ppl to take up more than one job and why everyone is involved in investing. Govt.s need to do better, but that’s a lost cause, shouldn't be, but it is.

 Both inflation and salary need to move in opposite directions to make ppl prosper.

I agree! based on my observation especially here in our country that, the inflation is really high but the salary are still the same... no adjustments or alignments from the company and employers, so even you have a decent salary with low lifestyle, it still feels like you have to live in a survival mode because of the quick increase of the expenses... you know? i just realize lately that if I have an above minimum salary and living within my budget but still experiencing having a hard time because of the economic inflation, then what more those people who have a below minimum salary and has a family? how they are going to live in this economy if there's no movement in their income.

[Etranger]

If a person salary remains the same but the prices of everyday things continue to increase, then this reduces the purchasing power of things. Due to this, a person has to face financial difficulties, just as today there is money but things do not come as they should, due to which he becomes a victim of financial pressure. This creates a little difficulty in a person's life. This also emphasizes that a person's life does not depend only on his salary, but on how many things he can buy with it. When inflation increases, a person with a salary also faces difficulties.

In my country, utility rates have been going up again since October. This is the second time this year. How are we supposed to survive under these conditions? And wages haven't even been indexed in the last two years.

Inflation is hitting the family budget so hard that it's enough to make you want to scream. We'll have to somehow adapt to the new circumstances. I'll probably have to find another part-time job to cover all these expenses and stay at the same level.

I understand what you mean when you talk about staying at the same level. But inflation doesn't hit just the wallet, unfortunately. It's not a question of how many pieces of sausage you have on your table today, it's a question of the lack of stability and confidence. And in my view, this very psychological factor is far more critical than the decrease in the purchasing power of the money earned itself. I see the catastrophe precisely in the fact that people are losing the ability to plan something, to count on something.

[Pi-network314159]

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

Saving in fiat is indeed a financial trap because it keep reducing in value overtime due to inflation,  but apart from Bitcoin investment you can Also diversity into land, Gold real estate or buying of shears. all this are very important to keep your money away from inflation. Sometimes diversification is not just for making profit but to retain the value of you currency against the weak fiat currency. For example a land you bought today at $1k may become $10k in 5 years time. Nothing changed just that inflation happened and it looked like price has increased. If you sell the land now it will cost $10k now indirectly you have just regain the value of that money again. but had it been it was in bank you put that money, you would have worked hard to get $9k to complete an buy that land today. That's the power of asset.

[Nothingtodo]

What we get as our remuneration at the end of the month is salary and it can be considered fixed to a large extent. But after paying salary, the extra money we have to spend in our daily life to buy things is the result of inflation. If the money we spend today to buy a product costs more than before due to inflation, then our salary cannot handle that extra cost. That is why, despite receiving our salary, we have to borrow or take out loans for additional expenses at the end of the month. Because of this extra cost, we basically fall into debt at the end of the month or the end of the year and if there is a financial pressure, the family can gradually fall into poverty.

[Olatundespo]

What we get as our remuneration at the end of the month is salary and it can be considered fixed to a large extent. But after paying salary, the extra money we have to spend in our daily life to buy things is the result of inflation. If the money we spend today to buy a product costs more than before due to inflation, then our salary cannot handle that extra cost. That is why, despite receiving our salary, we have to borrow or take out loans for additional expenses at the end of the month. Because of this extra cost, we basically fall into debt at the end of the month or the end of the year and if there is a financial pressure, the family can gradually fall into poverty.

Earning money is not constant for everyone, some people work hard and their income increases. Many people create multiple sources of income. At the end of the year, some people get a salary increase. I do not agree with your comment about salary being constant. Inflation is a problem for almost every country in the world, due to which the price of every product increases. The government of most countries deliberately creates inflation by printing excess fiat, which reduces the value of our labor. The price of every product increases and you become poor because it does not keep up with your income. Analyze how you can protect yourself from inflation. I have analyzed this issue and found that every year fiat is depreciating due to inflation. If you do not have excess fiat, there will be no opportunity for depreciation. This means build Bitcoin holding with extra funds and accumulating Bitcoin regularly through discretionary income.

[oll]

A long time ago, I worked at an excellent full‑time job and earned quite a lot of money for it. Year after year, my employer raised my salary, and this was due to indexation. If anyone doesn’t know, this is a salary increase based on how severe the inflation is in the country at the moment. This is a great initiative by the employer to raise employees’ salaries so that the prices of a basket of goods don’t outpace workers’ earnings. But one day, we were all forced to sign papers stating that we would no longer receive the indexation bonus due to the employer’s difficult situation. That was the moment when I realized that inflation would outweigh my progress in salary growth. And that day, I quit.

[rachael9385]

The reason why it's said that salary makes people poor is because when relying on salary alone cannot build wealth and due to how the world system works now it's either you are poor or rich, the middle class is slowly being eliminated and the inflation also contributes to this as well. Inflation is always going to be a factor that affects anyone's finances that is the reason why a lot of people are going to be disadvantaged if they only think of this as their source of income. To survive inflation or to be able to cope with it you must have high income skills and also think of building investments or businesses.

[Borbb]

On this aspect of it, I think inflation is the main reason affecting individuals and what we're suffering today because the buyers demand supply more than the market can supply so they increase the of each goods and services price to make double profit. And nowadays money buys fewer goods and services than the way it was before, as at then you can manage your salary even though you're not highly paid but you can still use it to purchase many stuff. The increase of price is what makes the economy more difficult in this country.

[batang_bitcoin]

On this aspect of it, I think inflation is the main reason affecting individuals and what we're suffering today because the buyers demand supply more than the market can supply so they increase the of each goods and services price to make double profit. And nowadays money buys fewer goods and services than the way it was before, as at then you can manage your salary even though you're not highly paid but you can still use it to purchase many stuff. The increase of price is what makes the economy more difficult in this country.

It is, if the regular salarymen are having a hard time dealing with their needs and it's not even enough to cover their expenses. The minimum wage earners are also struggling even more. The inflation is nonstop in increasing and that is why all of the regular employees will have to deal with it, the salary increase that is not even enough to cover the percentage of inflation annually will have a hard time in it.

[Yeesha]

On this aspect of it, I think inflation is the main reason affecting individuals and what we're suffering today because the buyers demand supply more than the market can supply so they increase the of each goods and services price to make double profit. And nowadays money buys fewer goods and services than the way it was before, as at then you can manage your salary even though you're not highly paid but you can still use it to purchase many stuff. The increase of price is what makes the economy more difficult in this country.

You get the point, the higher the demand, the higher the price. The more people demand a particular good, the more it get scarce, and Scarcity can lead to increase in the price of commodities. Salary cannot make people poor neither can it make people rich, it depends on the level of salary, financial management and profitable investment. I can clearly said that humans also contribute to the rate of inflation due to greediness. Poor are the ones making themselves more poorer, because within their cycle they are wicked towards one another. Making things more expensive, the money that you will use to buy one thing now, before you will use it and buy two things. As the economy is growing in population things are actually becoming more expensive and it makes the economy more difficult for people to survive in.

[Adiljutt156]

I don't agree that social capital can make people inflation proof. Having a strong network is good and can help you in many ways; it can create opportunities, but having good relationships does not save someone from rising prices. If a person do not have good source of income, or he do not have enough savings or lacks skills, then a good group of influential friends can help for limited period of time. If someone becomes too dependent on someone in any type of relationship, then it become weaker and sometimes with time, it disappear. Social capital cannot replace but it can complement financial strength. We should build both skills and increasing income, but also side by side, develop useful and trustworthy network of good people around you that can help you in your bad times. In this way you cannot be entirely dependent on others whenever the economic conditions become difficult in order to survive.

[Cookdata]

I agree with your first and second point. Our decision plays a vital role in defining our future. If you have poor money management, you don't plan and you don't save, even with a good salary, you're likely to remain poor. On the source of income, it's naturally dangerous to rely on just a single source of income. If you're earning is limited, you become more poorer anytime inflation spikes.

I don't blame people for being poor. Of course, their actions contribute but government plays a huge role too. Government policies are the reason why so many people are poor. Inflation itself is as result of bad policies from the government. They keep printing non stop when they mismanage the economy and the consequences of their action is inflation that affect everyone.

How do you save when you have small salary? One thing people that earn salaries don't admit and talk about probably because of work policy but most pay check earners barely put food on the table like they want. If you stay in country where inflation doesn't have direction, the cost of things are not the same and you have to work and work to make more money until you have enough money just to eat because the price of food are not stable, when do you think it's going to be proper to make enough money to save.

You can only make savings when you make money in a place that pay people their time and not where you make few money to eat and sleep the next day running sketa without direction. If you earn decently, you can make way to reserve some discretionary income for savings some basic investments you can make. However, you can't make use of salary to make big investment. Such money don't come from salary, they comes from sacrifices of businesses.

[blockman]

A long time ago, I worked at an excellent full‑time job and earned quite a lot of money for it. Year after year, my employer raised my salary, and this was due to indexation. If anyone doesn’t know, this is a salary increase based on how severe the inflation is in the country at the moment. This is a great initiative by the employer to raise employees’ salaries so that the prices of a basket of goods don’t outpace workers’ earnings. But one day, we were all forced to sign papers stating that we would no longer receive the indexation bonus due to the employer’s difficult situation. That was the moment when I realized that inflation would outweigh my progress in salary growth. And that day, I quit.

Usually, employers give around 10% of yearly increase for our wages. But with the high inflation that comes annually, it is not really enough. Like in my country, that amount would only goes for another kilo of rice since it's our staple food. And not just that, the utility bills are keep on increasing and these are not public utilities because they're handled by private companies. That means that we're all paying for these services that should have been provided by the government through private managements. Instead of the government settling and helping us down to lower the cost, they can't do anything about it. So all of those increase in wages means nothing to be honest in this type of economy.

[SUPERSAIAN]

On this aspect of it, I think inflation is the main reason affecting individuals and what we're suffering today because the buyers demand supply more than the market can supply so they increase the of each goods and services price to make double profit. And nowadays money buys fewer goods and services than the way it was before, as at then you can manage your salary even though you're not highly paid but you can still use it to purchase many stuff. The increase of price is what makes the economy more difficult in this country.

It is, if the regular salarymen are having a hard time dealing with their needs and it's not even enough to cover their expenses. The minimum wage earners are also struggling even more. The inflation is nonstop in increasing and that is why all of the regular employees will have to deal with it, the salary increase that is not even enough to cover the percentage of inflation annually will have a hard time in it.

The fact that wages aren't increasing at the same rate as inflation is a huge problem. People's incomes seem to be increasing, but their purchasing power isn't rising proportionally. This doesn't translate into real-life benefits. If wage increases don't even cover past inflation, workers are getting poorer each year.

If someone is working for minimum wage, their situation is truly dire. Even though they work more, they can no longer afford the things they could afford the previous year.

[Solokan]

With massive inflation, the cost of living will indeed become increasingly difficult due to rising prices. Certainly, for ordinary employees, such as those in factories and so on, it will certainly be difficult to meet living expenses due to inflation, especially saving, which will certainly be even more difficult. However, this is what is currently happening. Although there are times when a salary seems large, when used for living expenses, it sometimes feels less satisfying

But in my opinion, if the salary is very large, it is certainly possible to remain calm in the face of inflation. The problem, in my opinion, is for people with very low incomes. Yes, that's why it's not surprising that people are now starting to invest their money in BTC If we invest money in BTC for the long term, there is certainly the potential to avoid inflation and even profit. However, it should be noted that the money invested in btc must be money that is ready to be lost, because of course, investing in BTC still carries risks. However, some also invest it in gold because the risk is not as high. If you think about it, we do have an invisible battle and what is certain is that we must increase our income and invest in safe assets as much as possible because that is the only way to combat inflation