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

[Etranger]

For a very long time it's believed that people are poor or not growing financially because they rely on salary, that is not really accurate and my reason for saying that is that a lot of people would have been in a comfortable place financially even though they are not Rich they would have been able to afford what they want easily without stress but the main problem here is inflation. The value of what they earn depreciates as time goes on, this is the reason why a lot o salary earners are poor. The only way out of this is for the government of these countries that are affected to fix the economy.

The main problem is not just one, in my view. Yes, inflation is a very significant problem; in some countries, it is simply catastrophic. But besides inflation, people are also held back by uncertainty, instability, job loss, the obsolescence of their knowledge, and an influx of migrants willing to work for lower pay but longer hours. There are very many such problems. And yes, when they are also accompanied by inflation, living in general becomes extremely difficult.

[RockBell]

The main problem is not just one, in my view. Yes, inflation is a very significant problem; in some countries, it is simply catastrophic. But besides inflation, people are also held back by uncertainty, instability, job loss, the obsolescence of their knowledge, and an influx of migrants willing to work for lower pay but longer hours. There are very many such problems. And yes, when they are also accompanied by inflation, living in general becomes extremely difficult.

Inflation has become one of the most difficult things to deal with because how on earth do people even cope? A lot has changed, and money isn't even enough for us to spend, and even businesses are affected. There is no way things can even be okay with all this because things have become even more expensive, and even the government is not helping because they also want to make money.

And since they are no longer making the people there a priority, the minimum wage can not even keep people afloat again, and that is one of the things that is making living more difficult because the expenses keep increasing and the opportunities keep reducing.

[Rabata]

The main problem is not just one, in my view. Yes, inflation is a very significant problem; in some countries, it is simply catastrophic. But besides inflation, people are also held back by uncertainty, instability, job loss, the obsolescence of their knowledge, and an influx of migrants willing to work for lower pay but longer hours. There are very many such problems. And yes, when they are also accompanied by inflation, living in general becomes extremely difficult.

Inflation has become one of the most difficult things to deal with because how on earth do people even cope? A lot has changed, and money isn't even enough for us to spend, and even businesses are affected. There is no way things can even be okay with all this because things have become even more expensive, and even the government is not helping because they also want to make money.

And since they are no longer making the people there a priority, the minimum wage can not even keep people afloat again, and that is one of the things that is making living more difficult because the expenses keep increasing and the opportunities keep reducing.

I think the biggest pressure of inflation is understood when income remains the same but monthly expenses gradually increase. Families that used to be able to set aside some money at the end of the month are now in many cases spending that money on food, rent, or transportation. The situation of small Businessman is not much different, because if the price of raw materials increases, they either have to increase the price of their products or operate at a lower profit. But if the income of those who buy the products does not increase, then there is a risk that sales will decrease even if the price increases. Raising the minimum wage can help a little, but if the price of goods increases even faster, the real situation of the people does not change much. For me, the problem is not only low income, but also the growing gap between income and living expenses.

Therefore, if the government does not just look at increasing revenue, it is possible to reduce the pressure to some extent. But when the government prioritizes their own profits, it creates even greater suffering for the public.

[Fiasem20]

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

How can salary growth alone create wealth when the prices of goods and services are increasing everyday in this contemporary era.It was very obvious that if people could afford a lot when the rate of inflation hasn’t eaten the economy to this extent but currently the purchasing power has reduced and things you could afford in the past are no longer in your budget because of the increase of inflation,prices of goods are mind blowing.To me people would still survive regardless,but that shouldn’t stop the government to address the increase of inflation in the country.The high rate of inflation in most countries have made their citizens to discover some talents they never knew they had,they’re lot of skills both online and offline that can be of help in this inflationary period.

[Etranger]

The high rate of inflation in most countries have made their citizens to discover some talents they never knew they had,they’re lot of skills both online and offline that can be of help in this inflationary period.

Hard times really do force people to come up with new ways of survival, and often people turn out to be capable of doing things they couldn't do under normal circumstances. But personally, I see this not as progress, but as a tragedy, because such forced "evolution" comes at the cost of mental health, happy relationships, and, overall, the very possibility of simply living rather than constantly being forced to fight for one's existence.

[ruykeri]

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

How can salary growth alone create wealth when the prices of goods and services are increasing everyday in this contemporary era.It was very obvious that if people could afford a lot when the rate of inflation hasn’t eaten the economy to this extent but currently the purchasing power has reduced and things you could afford in the past are no longer in your budget because of the increase of inflation,prices of goods are mind blowing.To me people would still survive regardless,but that shouldn’t stop the government to address the increase of inflation in the country.The high rate of inflation in most countries have made their citizens to discover some talents they never knew they had,they’re lot of skills both online and offline that can be of help in this inflationary period.

You are right. In fact due to inflation, wealth is not created by increasing salary over time. If a person total expenses were $500 before, but later his salary may have increased, and the amount of expenses also increased so ultimately due to the increase in salary that money will be set aside as savings this opportunity is not being created. Now blaming the government alone for inflation will not end your responsibility for your life. Inflation will never completely decrease in the system from which the government is conducting financial activities. It will continue to increase over time which we can see in the case of inflation in the whole world now compared to the past. The increase in the production capacity of some countries does not have much effect on them but there is a lot of pressure on the common people of poor countries. Therefore along with income, attention should be paid to savings. But if those savings are kept in fiat currency then ultimately it is not possible to protect yourself from inflation. A better option may be Bitcoin or assets that maintain or increase their value in the long term. This responsibility is not of the government. This should be taken by the person who is earning . Only then will it be possible to have financial security in the future.

[Chilwell]

Inflation has become one of the most difficult things to deal with because how on earth do people even cope? A lot has changed, and money isn't even enough for us to spend, and even businesses are affected. There is no way things can even be okay with all this because things have become even more expensive, and even the government is not helping because they also want to make money.

The number one person to hold when it comes to inflation is the government, if there is inflation it doesn't rise from nowhere, it all started from the government. The government is the key player here that can be able to handle it anytime it's occurs but they do it with their own advantage that is why we are suffering it for a very long time. All they want to be seeing is money and that is why they have forget about how we live our life because they don't care.

And since they are no longer making the people there a priority, the minimum wage can not even keep people afloat again, and that is one of the things that is making living more difficult because the expenses keep increasing and the opportunities keep reducing.

You are talking about the minimum wage, there are not doing it appropriately because it doesn't meant the standard and that is why suffering still increased, I don't really know why the government will be happy seeing their citizen suffering after they have sacrificed a lot by trusting him.

[Abdul Sami786]

The main problem is not just one, in my view. Yes, inflation is a very significant problem; in some countries, it is simply catastrophic. But besides inflation, people are also held back by uncertainty, instability, job loss, the obsolescence of their knowledge, and an influx of migrants willing to work for lower pay but longer hours. There are very many such problems. And yes, when they are also accompanied by inflation, living in general becomes extremely difficult.

Inflation has become one of the most difficult things to deal with because how on earth do people even cope? A lot has changed, and money isn't even enough for us to spend, and even businesses are affected. There is no way things can even be okay with all this because things have become even more expensive, and even the government is not helping because they also want to make money.

And since they are no longer making the people there a priority, the minimum wage can not even keep people afloat again, and that is one of the things that is making living more difficult because the expenses keep increasing and the opportunities keep reducing.

It is exactly like this.Salaries are not making people poor but inflation is putting people in trouble.The price of everything is increasing every day due to which the fixed salary is also feeling low.There is no fault of the income coming in.The government should either reduce inflation or double the salary or the government should provide more opportunities for the people so that it becomes easier for people to live and face inflation.You are right that now this problem is one of all the problems and there are not many methods for this problem.Therefore there are only a few ways that can be adopted to make life easier one of which is saving and investing.

[MorganaX]

In a lot of countries people talk about increasing the minimum wage for salaries to be increased but people are still struggling to survive after this is done, this reason for that is because of the inflation and as long as this remains a concerning factor there is nothing that the salary of the Average man can do to keep them going. If the economy is stable people would definitely live comfortably with whatever they earn but this doesn't seem to be the case.

[Bitcoin Maxi]

It is exactly like this.Salaries are not making people poor but inflation is putting people in trouble.The price of everything is increasing every day due to which the fixed salary is also feeling low.There is no fault of the income coming in.The government should either reduce inflation or double the salary or the government should provide more opportunities for the people so that it becomes easier for people to live and face inflation.You are right that now this problem is one of all the problems and there are not many methods for this problem.Therefore there are only a few ways that can be adopted to make life easier one of which is saving and investing.

It all depends on the salary, there are workers that are not being paid what they supposed to receive as salary but they have no option than to continue to work and receive the peanuts due to bills they have to pay so that they can settle their respective issues that needed to be solved. Inflation is another problem that can make a salary to be useless. The increase in price of food, daily needs and transport can make things change to worse making workers to find it hard to settle their bills and have savings.

[JoyceBTC]

In a lot of countries people talk about increasing the minimum wage for salaries to be increased but people are still struggling to survive after this is done, this reason for that is because of the inflation and as long as this remains a concerning factor there is nothing that the salary of the Average man can do to keep them going. If the economy is stable people would definitely live comfortably with whatever they earn but this doesn't seem to be the case.

It is not just about increasing minimum wage. when the rate of inflation is high, the percentage of the increase should also be reasonable so that the citizen can also meet up with their basic needs and that money they earn can atleast go a long way for them and not just doing an increase that doesn’t make any difference.

Secondly, when minimum wages are increased, private sectors still maintain the same salary workers are paid which the increase does not affect them. So I also believe this is also part of the reason even after increase of minimum wage, people still struggle.

[Jerrycrypto2024]

Do we easily forget that when salary does not match with current inflation rate it becomes a tool to poverty, salary make many poor today in many nations some skills and trader who don't who don't depends on salary mostly leave above poverty level where they could be seen as the average in the societies, but most salary earners hardly gets to that height except those that diversify by engaging in others aspect of income, it takes a well balance economy to survive when in flation is high in a nation even of the salary increases it will not yeild any valuable result. Some salary are far above inflation if for instance those who work in offshore, oil company Gold mining and some private that pays huge such salary goes beyond inflation and can never render poverty to much individual except the poverty has a definite classification but to provide basic needs and leave comfortable such classes of individual are equal to the task.

[Abelly]

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

How can salary growth alone create wealth when the prices of goods and services are increasing everyday in this contemporary era.It was very obvious that if people could afford a lot when the rate of inflation hasn’t eaten the economy to this extent but currently the purchasing power has reduced and things you could afford in the past are no longer in your budget because of the increase of inflation,prices of goods are mind blowing.To me people would still survive regardless,but that shouldn’t stop the government to address the increase of inflation in the country.The high rate of inflation in most countries have made their citizens to discover some talents they never knew they had,they’re lot of skills both online and offline that can be of help in this inflationary period.

You are right. In fact due to inflation, wealth is not created by increasing salary over time. If a person total expenses were $500 before, but later his salary may have increased, and the amount of expenses also increased so ultimately due to the increase in salary that money will be set aside as savings this opportunity is not being created. Now blaming the government alone for inflation will not end your responsibility for your life. Inflation will never completely decrease in the system from which the government is conducting financial activities. It will continue to increase over time which we can see in the case of inflation in the whole world now compared to the past. The increase in the production capacity of some countries does not have much effect on them but there is a lot of pressure on the common people of poor countries. Therefore along with income, attention should be paid to savings. But if those savings are kept in fiat currency then ultimately it is not possible to protect yourself from inflation. A better option may be Bitcoin or assets that maintain or increase their value in the long term. This responsibility is not of the government. This should be taken by the person who is earning . Only then will it be possible to have financial security in the future.

You are right, even if the salary increases, the financial condition of most people does not improve. Because in most cases, when the salary increases by 5%, the price of various goods increases by 10%. So we may think that the salary is increasing, but in reality its purchasing power has also decreased. However, if the salary increases by 10% and the cost of living increases by 5%, then perhaps the situation may be reversed. Because here it is clear that income has increased. That is why I would rather look at how much the salary is increasing compared to inflation than just looking at whether the number of salaries is increasing. At the same time, you are right that people should pay attention to saving in Bitcoin, because Bitcoin can save us from inflation in the long run. Although the price fluctuates, in the long run we see its potential.

[Prince patrick]

True, this is why I always advise people to always have something else doing, you need to have a side hustle, you can't entirely depend or rely on the little salary you earn. Like you said inflation is a major issue and without having multiple streams of income, you will end up struggling to sort your bills. Salary is not meant to make you rich, salary is being given to you for sustainability. Real wealth is archived when you build something on your own, or when you have other things that gives you money.

[ASloveapg]

The main problem is not just one, in my view. Yes, inflation is a very significant problem; in some countries, it is simply catastrophic. But besides inflation, people are also held back by uncertainty, instability, job loss, the obsolescence of their knowledge, and an influx of migrants willing to work for lower pay but longer hours. There are very many such problems. And yes, when they are also accompanied by inflation, living in general becomes extremely difficult.

Inflation has become one of the most difficult things to deal with because how on earth do people even cope? A lot has changed, and money isn't even enough for us to spend, and even businesses are affected. There is no way things can even be okay with all this because things have become even more expensive, and even the government is not helping because they also want to make money.

And since they are no longer making the people there a priority, the minimum wage can not even keep people afloat again, and that is one of the things that is making living more difficult because the expenses keep increasing and the opportunities keep reducing.

The rate at which people's spending increases due to inflation is very out of control and it is causing suffering to every person. With the cost of living increasing day by day, we are not able to increase our income at the same rate, resulting in a huge gap, due to which it is becoming very difficult to survive. And due to inflation, the rise in prices of goods does not stop but it is constantly increasing, while our income is limited and in one place. It is becoming more and more difficult to fight against it, and it is not possible for us personally to stop it, but does the government take any effective steps in this regard? They never do, they do not see the suffering and misery of the people.
So we have nothing to do, our only way now is to focus on increasing our income, we have to become entrepreneurs and create good employment, if we are dependent on a single job with limited income, then we will never be able to survive in this difficult reality, because our salary in the job will definitely not increase, but our expenses will constantly go out of control, and this is why we have to create a separate source of income in addition to the job, this is the only way to survive in this difficult inflation.