What are the effects of inflation on ordinary people

[jcojci]

Wages for laborers can't recover the inflation that growing so people still difficult to survives if they don't have more sources of money. People must search for more jobs or making more money to fills their daily needs and they have more money to save preparing if the inflation become worst. Retirees and pensioners difficult to survive if no helps from the government because they received pension and many times they are in hard situation. That is happens not in one or two countries but if the situation become worst, the number will increases and the bad things will occurs.

[fruktik]

In economics, controlled low inflation is, so to speak, a GOOD thing. Why? It’s simple-people don’t "hoard money in a closet", but rather spend or invest it to avoid a loss in value. The flow of money in the economy is like the flow of blood in our bodies-when there’s blood flow, the body is strong and functioning properly.
But if inflation becomes uncontrollable and high, it leads to problems. Currency devaluation = rising prices = rising costs = falling incomes = reduced purchasing power....
And as a rule, this is accompanied by the printing of excess money that is not backed by anything. And it is the country’s most low-income citizens who suffer the most in such situations.

Conclusion: mild inflation = an acceptable process; high inflation = a major problem for the population and the economy as a whole

There are also countries that, because of the war, are forced to print money uncontrollably. Every week, the Central Bank of the Russian Federation issues over 5 trillion rubles through the repo system. This process will certainly drive inflation up to several tens of percent. The bald old woman has decided to screw all this. As long as there's money for the war, which he can't end up losing.

This year, everyone in Russia will have to tighten their belts severely. What has high inflation led to so far? Citizens have started pawning jewelry, electronics, and other items. This year alone, almost 500 billion rubles have been issued. These are the consequences. And this is just the beginning.

[Bitcoin.com97]

To be honest the best way to survive inflammation is by having multiple sources of income ,and if married both parties should have something doing ,if not it's not going to be easy to survive,the reason why it seems the rich survive no matter what is because they have businesses and probably do work in a company that pays well ,so it can't really affect them that much ,but whereas an average man that is married with kids ,them has only one source of income without help ,it won't be easy , considering how landlords increaseing rent , imagine been a tenant ,couple with how expensive things are ,it will really affect ordinary people as you have stated .

[AmaGold70]

Inflation exerts a daily impact on essential sectors such as food, transportation, healthcare, and education. For an average household, this often translates into a hand-to-mouth existence. While wages for laborers may increase by approximately 5% annually, inflation typically outpaces this growth, rising at 10-15% per year.

As a result, the purchasing power of money erodes continuously, diminishing the value of savings over time. Retirees and pensioners are affected disproportionately, as they rely on fixed incomes. Under sustained high inflation, many individuals are forced into debt, leading to a decline in overall living standards.

Although a modest level of inflation may appear manageable, elevated inflation rates affect the entire population, with the most severe consequences borne by those with fixed incomes or limited savings. Express your thoughts.

It is obvious that in a country where their is inflation, purchasing power reduces because of high cost of commodities. Many leave below normal standard, and even average income earners don't even find it so easy to survive with their normal salary. However, I believe one can still manage to survive inflation if properly planned. In a country with moderate or high rate of inflation, citizens should not only depend on the salary they earn, they should set apart some amount of money for other business. Don't try to purchase everything from the market, you can decide to invest in agro, making farms, and having some vegetable gardens, these things will help you a lot , while you eat some of these products, you can equally sell some of them to make more money, and thereby serving as an alternative source of income.

[Swordsoffreedom]

10-15% per year?  where are you living where inflation is hitting 15% every single year?  Thats just flat-out wrong.

Plus, nobody with half a brain just lets their savings sit as cash and rot.  You invest it.  If you are putting your money into the market or real estate, inflation actually drives those asset values up.  It forces people to be smart with their money instead of hoarding it under a mattress.

Talking about countries that experienced over 15 percent increase in inflation rate,  i would say Nigeria is a complete example of that country, for the past 2 to 3 years now the inflation rate of Nigeria has increased over 15 percent all because of a bad administrative body which is why the cost of living in Nigeria is very high, so don't be too fast in concluding in matters like this because you are living in a country enjoying a well cultured economy. 

I do not know what the current economic situation in Nigeria is like. But inflation of 10-15% is very high and not as simple as you may think . It means your purchasing power decreases by about 15% every year, and if inflation continues for many year, the value of money gets eroded very quickly

For example, if you had $100 5years ago, that amount would now be equivalent to only about $44 in purchasing power. That is a 56% loss in value in just 5 year

That also means if you invested in Bitcoin 5 year ago when the price was around $30k-$40k. You would have made virtually no profit, and could even be slightly at a loss when adjusted for the inflation rate you mentioned.

[348Judah]

The incidence of inflation on ordinary people is a serious survival rate on the economy because of inflation and they are incapacitated to afford for basic economical needs, while government are not doing every necessary effort to ensure that deflation also occur after the economy stabilizes and things come back to normalize, so at the end, the poor and the masses face the economical consequences because of the imbalance is more obvious on them as the end users.

[slapper]

Year one, sure, you feel it at the grocery store and you adjust. You purchase less of it, you change brands, whatever. However, by year 3 or 4 this adjustment ability is exhausted. No more optimizations to make. You already get the most affordable version of all things and yet it's still not enough. I believe the serious damage is done right there. Not just in the accounting, but how it affects people's relationships with their own future. The essence of saving is believing there's a tomorrow. What you save today will make a difference later. Those rates, inflation, destroy that belief in silence. Month by month.

[Obulis]

Inflation renders the little savings made by ordinary people valueless. Their salary becomes smaller in value and that means more poverty making their life more ordinary. Some ordinary people who are traders will think that they are making good returns but all this money made will leave slowly at the same time. Inflation can make some people who are middle class to become poor and poor people poorer. The effects of inflation is not negotiable it just deals with the class of people that it usually deals with. The rich people can be like oohh the price has almost doubled and still go for that specific product but many poor people will have to look for alternatives if there is.

[Yeesha]

Inflation is what many people always complain about, but people are surviving with it. The rich people will still become richer if there is inflation. Average people will still also see their ways around after inflation. Even if there is no inflation, many people that are poor will remain poor, not because of the inflation, but because they are poor. Only what I know that is very important is that wise people will found their away around and still live a very good life with or without inflation.

The reason why some people are complaining despite surviving it, is because it is gradually eating them up. Inflation has a lot of effects on individual's life and personality, and most especially it affect our financial stability. If the price of the commodities continue to rise higher it is going to devalue the talent of the upcoming generations, because the parents will lack the resources to provide their children with the opportunities to develop their skills and talents. The cost of education has not given some parent the opportunity to provide their children a better education, and again the educational system is no more stable or established in a way that it should be.

[yixichloro2xx]

Inflation has been one of the main reasons why people can hardly afford meal in my country and the poverty rate has increased significantly. One of the reasons is due to the government who doesn't know what they are doing in their office and doesn't even care about their citizens, they offer no solutions instead they only care on how to maintain power. Inflation keeps increasing in Nigeria almost every year yet the wages stays the same. The Average wage in Nigeria is like $57/ months, which is very low compared to other nations. But they are still finding every possible ways to survive it. Food, gas , electricity and Petrol prices keeps skyrocketing everytime and with that kind of wages, purchasing power becomes very weak. That's why alot people now try to do side jobs just to stay afloat.

[Accardo]

The reason why some people are complaining despite surviving it, is because it is gradually eating them up. Inflation has a lot of effects on individual's life and personality, and most especially it affect our financial stability. If the price of the commodities continue to rise higher it is going to devalue the talent of the upcoming generations, because the parents will lack the resources to provide their children with the opportunities to develop their skills and talents. The cost of education has not given some parent the opportunity to provide their children a better education, and again the educational system is no more stable or established in a way that it should be.

Scaling is the answer, substantial pay raise, multiple sources of income, are what beats inflation, unfortunately, the average person have a fixed income, year to year, the salary that once covered for tuition fees, house rents, food, clothing, barely could do that again for an average family, because it's hard to scale.