What are the effects of inflation on ordinary people

[sunsilk]

Inflation indeed affect individuals but regardless people sill survive there are some points where we desire the government do something better and get price more affordable but we can't sit waiting for them to act because most times they don't
So the best thing to do is to look for more source of income hustle harder to be able to live comfortably and keep up.

That's the best solution when inflation is hitting high. Instead of the government's action to reduce the price and inflation, they can't do that much if it's uncontrollable already.

Because there are a lot of factors that affects it. So, increasing the income is one way but you'll still feel inflation that way.

Before when groceries are cheap, and the carts are full. This time, it's not only half and even a quarter won't be enough with the former budget to shop.

[Cookdata]

People living in a country with high inflation work just to keep from going hungry and never find the opportunity to live for themselves. Enjoying a nice meal, wearing nice clothes, seeing new places, and truly feeling like they’re living their lives is really very difficult for those living in countries with high inflation. The deeper inflation becomes, the more income inequality increases, and a certain segment of society is actually happy about this situation. Because they are the ones who make money off of money and want the system of exploitation to continue.

People living with high inflation doesn't enjoy the privileges for an average people, mostly a person that is on high wages and salary will enjoy basic things that you said, everyone doesn't earn an the wages. Perhaps if we put it to countries that has good economy but they don't even last long with high inflation, developing countries and underdeveloped suffered the most with frequent high inflation. Like my country, we have been on high inflation since I was in basic school, now I'm more than adult. 

There are some things that doesn't change, I don't mean to discourage people with individual goals but I'm already in a position where I don't care what the government does in my country. My goal is to make that investment and make sure my kids has a better future, if they grow they must stay in a country where the economy is prioritize, where the rich and the poor doesn't feel indifferent, where basic things are common to all people.

[eightdots]

Inflation indeed affect individuals but regardless people sill survive there are some points where we desire the government do something better and get price more affordable but we can't sit waiting for them to act because most times they don't
So the best thing to do is to look for more source of income hustle harder to be able to live comfortably and keep up.

That's the best solution when inflation is hitting high. Instead of the government's action to reduce the price and inflation, they can't do that much if it's uncontrollable already.

Because there are a lot of factors that affects it. So, increasing the income is one way but you'll still feel inflation that way.

Before when groceries are cheap, and the carts are full. This time, it's not only half and even a quarter won't be enough with the former budget to shop.

Earning extra income is one of the best options. This should be applied not only during times of inflation but also during periods without inflation, because as individuals' incomes increase, they become less affected by economic problems.

Although governments work to reduce inflation, this takes time, and during this time, people need to protect their finances against inflation. Finding additional sources of income and developing oneself to find these sources is crucial.

[Abdulzuruku01]

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.

Yes, it's obvious that both rich and poor people are trying to survive with inflation but the truth is that inflation does not affect everybody the same way. For rich people/middle class even if prices go up, it doesn’t really bother them. They still have means to buy food, fuel, pay tuition fees, and do businesses. some of them even get richer during inflation because they have businesses that benefit from high prices.

But for ordinary /poor people it’s a different story. Things are really hard. Nigeria as example bag of rice that was 30k few years is now 80k. Transport fare has doubled. Fuel is expensive while the government refuses to increase salaries So even the small salaries that someone collects every month cannot do anything again.  The poor man is the one that feels it most. Because if you’re already struggling to eat 2 times a day, and now food price goes up again, what do you do? You’ll either start skipping meals or borrow money. And borrowing will just put you in more debt.
You said "even without inflation, poor people will still be poor". That one is true to some extent but inflation makes it worse. It reduces the buying power of ordinary people.

[colinistheman]

Inflation indeed affect individuals but regardless people sill survive there are some points where we desire the government do something better and get price more affordable but we can't sit waiting for them to act because most times they don't
So the best thing to do is to look for more source of income hustle harder to be able to live comfortably and keep up.

That's the best solution when inflation is hitting high. Instead of the government's action to reduce the price and inflation, they can't do that much if it's uncontrollable already.

Because there are a lot of factors that affects it. So, increasing the income is one way but you'll still feel inflation that way.

Before when groceries are cheap, and the carts are full. This time, it's not only half and even a quarter won't be enough with the former budget to shop.

Earning extra income is one of the best options. This should be applied not only during times of inflation but also during periods without inflation, because as individuals' incomes increase, they become less affected by economic problems.

Although governments work to reduce inflation, this takes time, and during this time, people need to protect their finances against inflation. Finding additional sources of income and developing oneself to find these sources is crucial.

I do not think we will ever get the chance to live in a non inflationary economy again. Things have become increasingly out of control, and all the government is trying to do is slow the rate of inflation. There is no way to stop inflation while they keep printing money out of thin air like this.
Therefore, earning more income, saving more and investing are solutions we are going to have to stick with for the long run.  Beyond these option, I do not really think we have any other choice.

[YOSHIE]

What are the effects of inflation on ordinary people

Of course, the impact felt by those with lower middle class or ordinary economic income, the impact of inflation is very large, for them we are not talking about bank interest rates, they have never dealt with banks.

For those with lower middle class income, the good price of food and other goods has become a disaster for them where their income and expenditure can be said to be unbalanced. not appropriate, imagine if you had an opinion per day of only $20. Your daily expenses due to inflation swelled to $30. How would their ordinary life be fulfilled due to inflation.

Not to mention we are talking about spending on their children's education and health with a mediocre economy plus inflation, of course the inflation phenomenon will have the most friendly impact on them.

[Out of mind]

For a common man, inflation cannot improve their living conditions in any way. Basically, it becomes very difficult for those who live day by day, they work hard all the time, but at the last moment they struggle to meet their various needs. It becomes very difficult for a common man to buy food, clothing and the prices of everything that increases, they cannot meet them with the money they earn by working hard. Recently, it has been seen that in most countries, the poor are facing many problems due to inflation, especially in meeting their food needs. Due to the high prices of all the goods in the country, they cannot improve their living conditions. It is not possible to save anything to meet the needs of the family with the salary at which people work. In that case, if there is inflation, the salary should definitely be increased, only then will every common man be able to manage their living standards a little better.

[Berry2d]

Providing the basic needs of life is the primary duty of every one living on earth but when inflation key into any nations economy it becomes very difficult to provide this basic needs of life which can only be controlled when the appropriate way of handling inflation is integrated either directly or indirectlyindirectly.
The major challenge encountered by every citizen in a nation experiencing inflation is inability to provide the basic needs of life which is food, shelter and clothing despite the continuous  receiving of the rewards to there labour which can no longer be sufficient enough to meet end needs.

[Yeesha]

Providing the basic needs of life is the primary duty of every one living on earth but when inflation key into any nations economy it becomes very difficult to provide this basic needs of life which can only be controlled when the appropriate way of handling inflation is integrated either directly or indirectlyindirectly.
The major challenge encountered by every citizen in a nation experiencing inflation is inability to provide the basic needs of life which is food, shelter and clothing despite the continuous  receiving of the rewards to there labour which can no longer be sufficient enough to meet end needs.

We shouldn't consider providing the basic needs of life as primary duty, rather we should consider it as privilege, an act of love and care, and most importantly, a moral obligation.  because they are essential in our lives, as long as you want to survive on this earth. It is hard to survive without food, it is hard to survive without shelter and also I think this is actually going to be extremely difficult for this current and upcoming generations to survive without social amenities. Inflation has taken away the opportunity that some people have to explore their lives, because their priorities are food, shelter, accessibility to good health care services and education. This period has really been hard for a lots of people, but the most joyful thing is the ability to adapt to the situation and put food on the table.

[blockman]

The major challenge encountered by every citizen in a nation experiencing inflation is inability to provide the basic needs of life which is food, shelter and clothing despite the continuous  receiving of the rewards to there labour which can no longer be sufficient enough to meet end needs.

The salary from the labor of the ordinary people becomes smaller in value. And you are right that the basic needs that we all are paying for would be down sized. They're neglecting the basic human rights of able to sustain, live, work and  to survive with the cause of inflation. Government needs to be the one protecting its people not only from the harm of life and it includes the continuous rising of inflation. Because neglecting to flatten down the inflation rates show how inept they are with their jobs as the drivers of the economy. If it's being felt by the poorest of the poor and the working people, that only means that they're incompetent to the highest level.

[Finestream]

Those in the lower class will find it harder day by day, but they will still survive. They will complain about it, but many of them will still be able to buy some of the things they want. There is no group that can stop inflation completely.

The middle class will be affected as well, but not as much as the lower class because they are in a better position to adapt. No matter how much we complain about it, inflation is inevitable. We will adjust and live with it whether we like it or not.

As for the upper class, of course they will benefit more from it than be affected by it. They have the wealth and resources, so they will find ways to make a profit. They don't rely on fixed wages like many people in the lower class do.

In general, everyone gets affected with inflation, even the wealthy individuals in the society. We just have to establish different strategies and approaches in life to overcome and survived from inflation which is unstoppable anyway.

But the most affected in times of inflation are definitely those who are currently jobless. Since they don't have a sustainable source of income, it will be hard for them to manage everyday living, and hard to make ends meet due to expensive prices of goods and services which even the government can hardly control.

[justdimin]

The major challenge encountered by every citizen in a nation experiencing inflation is inability to provide the basic needs of life which is food, shelter and clothing despite the continuous  receiving of the rewards to there labour which can no longer be sufficient enough to meet end needs.

The salary from the labor of the ordinary people becomes smaller in value. And you are right that the basic needs that we all are paying for would be down sized. They're neglecting the basic human rights of able to sustain, live, work and  to survive with the cause of inflation. Government needs to be the one protecting its people not only from the harm of life and it includes the continuous rising of inflation. Because neglecting to flatten down the inflation rates show how inept they are with their jobs as the drivers of the economy. If it's being felt by the poorest of the poor and the working people, that only means that they're incompetent to the highest level.

I agree, there isn't really a reason why salary should be "enough" for you to feel rich. That is what the capitalist world is reaching at the moment, so there is nothing wrong with that according to rich people. You could be living a very poor life, barely surviving, even though you work 40+ hours a week, and they think that is normal.

This is why inflation could help them make a lot more money due to inflation, and that is why it could be very different situation, and for that reason they will be wealthier and you will get poorer and they are happy about it. I get that it is not going to be easy to change their minds, wealthy are happy with the system, and as long as they are happy, we do not have power to change it.

[Berry2d]

The major challenge encountered by every citizen in a nation experiencing inflation is inability to provide the basic needs of life which is food, shelter and clothing despite the continuous  receiving of the rewards to there labour which can no longer be sufficient enough to meet end needs.

The salary from the labor of the ordinary people becomes smaller in value. And you are right that the basic needs that we all are paying for would be down sized. They're neglecting the basic human rights of able to sustain, live, work and  to survive with the cause of inflation. Government needs to be the one protecting its people not only from the harm of life and it includes the continuous rising of inflation. Because neglecting to flatten down the inflation rates show how inept they are with their jobs as the drivers of the economy. If it's being felt by the poorest of the poor and the working people, that only means that they're incompetent to the highest level.

Because of the particular reason is why I don't see inflation as an option in any economy. Most nations are being faced with unnecessary inflation which am sure is caused by the corrupt practices of there greedy leaders,  whose interests is there number priority and not why they where elected into power.
I will say it will be highly appreciated if inflation in controlled even of not for any reason but for the sake of the poor masses that there survival depends on what they get in there daily activities, because if not controlled it will be very difficult for them to survive.

[slapper]

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.

Yes, it's obvious that both rich and poor people are trying to survive with inflation but the truth is that inflation does not affect everybody the same way. For rich people/middle class even if prices go up, it doesn’t really bother them. They still have means to buy food, fuel, pay tuition fees, and do businesses. some of them even get richer during inflation because they have businesses that benefit from high prices.

But for ordinary /poor people it’s a different story. Things are really hard. Nigeria as example bag of rice that was 30k few years is now 80k. Transport fare has doubled. Fuel is expensive while the government refuses to increase salaries So even the small salaries that someone collects every month cannot do anything again.  The poor man is the one that feels it most. Because if you’re already struggling to eat 2 times a day, and now food price goes up again, what do you do? You’ll either start skipping meals or borrow money. And borrowing will just put you in more debt.
You said "even without inflation, poor people will still be poor". That one is true to some extent but inflation makes it worse. It reduces the buying power of ordinary people.

Let me try something. Remove money from the word "wise" and see what is left.

Wisdom in practice, needs time to collect information, time to have options, emotional bandwidth to think beyond the immediate crisis. And sufficient stability to experiment without significant consequences to it. None of that is intrinsic intelligence. Everything comes at a price. So when someone says wise people find their way, they are (without realizing it) describing people who already have enough resources to exercise wisdom rather than just react to emergency. There is nothing wise in it, only well-financed. Some dude somewhere is taking a cushion for a character.

It is quite an old, sleight of hand trick. Throughout history, societies have taken to the traits of the wealthy: patience, planning, delayed gratification, calculation of risk. At the time, it was considered good traits, not good results. So that the poor are not merely poor. They are unvirtuous, undisciplined, unwisdomed, unwisemaned in the framing. What looks like impulsiveness is actually fluency. They are reading their environment well, and responding to it appropriately. On their return, it is clear message: nothing here will wait for you, so take what you can as long as you can take it.

In Nigeria, that margin has been taken away through legislation. Petrol price deregulation, devaluation of the naira, and stagnant wages. His salary did not shrink; not one naira left that account by force. What shrank was the world it could still afford.

[Bitcoin Maxi]

The effects of inflation is outrageously bad, especially those on low income or salary earners it hits them really hard. Because  prices of things increases and they might be no raise on increase in their income to help cover up for the expenses. The ordinary man is striving so hard to survive, value is no longer seen for the money we carry because of how expensive things get and the hiking in prices of things. To make savings is really very hard because you can't even save when you've not been able to cover the basic needs.
The best thing to do to be able to work through inflation lane is to get more sources of income, hustle harder and earn more and with that we can be able to cope with the hardship level in the country.

[Baki202]

Providing the basic needs of life is the primary duty of every one living on earth but when inflation key into any nations economy it becomes very difficult to provide this basic needs of life which can only be controlled when the appropriate way of handling inflation is integrated either directly or indirectlyindirectly.
The major challenge encountered by every citizen in a nation experiencing inflation is inability to provide the basic needs of life which is food, shelter and clothing despite the continuous  receiving of the rewards to there labour which can no longer be sufficient enough to meet end needs.

one thing that should be given attention to is going to be your daily needs because from the look of things if your daily needs is not saughted then there is no way that things will be balanced and whith what we are fighting currently which is inflation it does not help at all because the price of thing are on a rise and the only way the situation can be attended to is for you to spread ways to increase income and another thing is that inflation have become a war we have to fight individually.

we dont even have choice than for us looking for other means that we can increase our standard of living by investing or even doing bussiness or even getting jobs because everything is become very hard because of the economy is no longer funny the standard of living keeps incease and there is nothing we can do at this point than for us to just accpt and then see a better way to address the whole thing.

[Fragrance1122]

The major challenge encountered by every citizen in a nation experiencing inflation is inability to provide the basic needs of life which is food, shelter and clothing despite the continuous  receiving of the rewards to there labour which can no longer be sufficient enough to meet end needs.

The salary from the labor of the ordinary people becomes smaller in value. And you are right that the basic needs that we all are paying for would be down sized. They're neglecting the basic human rights of able to sustain, live, work and  to survive with the cause of inflation. Government needs to be the one protecting its people not only from the harm of life and it includes the continuous rising of inflation. Because neglecting to flatten down the inflation rates show how inept they are with their jobs as the drivers of the economy. If it's being felt by the poorest of the poor and the working people, that only means that they're incompetent to the highest level.

Because of the particular reason is why I don't see inflation as an option in any economy. Most nations are being faced with unnecessary inflation which am sure is caused by the corrupt practices of there greedy leaders,  whose interests is there number priority and not why they where elected into power.
I will say it will be highly appreciated if inflation in controlled even of not for any reason but for the sake of the poor masses that there survival depends on what they get in there daily activities, because if not controlled it will be very difficult for them to survive.

I think capitalism is one reason for inflation that is forcefully being implemented on us by a few elites and royals who do not care about what's going on in their surroundings. In my country leaders aren't elected rather they are selected by hook or crook by the mafia of our country.

[Muba20]

The major challenge encountered by every citizen in a nation experiencing inflation is inability to provide the basic needs of life which is food, shelter and clothing despite the continuous  receiving of the rewards to there labour which can no longer be sufficient enough to meet end needs.

The salary from the labor of the ordinary people becomes smaller in value. And you are right that the basic needs that we all are paying for would be down sized. They're neglecting the basic human rights of able to sustain, live, work and  to survive with the cause of inflation. Government needs to be the one protecting its people not only from the harm of life and it includes the continuous rising of inflation. Because neglecting to flatten down the inflation rates show how inept they are with their jobs as the drivers of the economy. If it's being felt by the poorest of the poor and the working people, that only means that they're incompetent to the highest level.

Because of the particular reason is why I don't see inflation as an option in any economy. Most nations are being faced with unnecessary inflation which am sure is caused by the corrupt practices of there greedy leaders,  whose interests is there number priority and not why they where elected into power.

In poor countries, when corruption occurs, it occurs from the highest levels of the government to the lowest levels. And the governments of these countries, finding no other way, start printing money, which at some point further retards the economy. Due to inflation, major financial problems arise in the normal life of the common people.

The people who are most affected by this inflation are those with low incomes, especially those who work for any organization and are salaried employees. As the prices of daily necessities increase, it becomes difficult for them to meet all the expenses of the family with their fixed salary. When people struggle to meet their basic needs with their money, there is no way to say that the economy of that country will be very good. Due to the increase in inflation, the price of food items for the common people increases. The standard of living of the common people decreases. Additional money has to be spent for borrowed money. Those who try to save money lose that ability.

[PakHolder]

However I think the biggest loss is to those who think that if you keep money in the bank, its value will remain the same. In fact during high inflation, even if the amount of savings is correct, its purchasing power gradually decreases. Many people understand this only when it is no longer possible to do business with the same amount of money as before.  In my opinion it is not enough to just demand a salary increase. It is also important to increase people's financial awareness. Along with savings , there is a need to have an idea about investing in assets that can at least partially cope with the effects of inflation in the long run. Otherwise even if income increases, the standard of living does not change much in reality.

[ZAINmalik75]

The effects of inflation is outrageously bad, especially those on low income or salary earners it hits them really hard. Because  prices of things increases and they might be no raise on increase in their income to help cover up for the expenses. The ordinary man is striving so hard to survive, value is no longer seen for the money we carry because of how expensive things get and the hiking in prices of things. To make savings is really very hard because you can't even save when you've not been able to cover the basic needs.
The best thing to do to be able to work through inflation lane is to get more sources of income, hustle harder and earn more and with that we can be able to cope with the hardship level in the country.

The most affected from inflation are the ordinary people, and those are the ones who are employed or salaried and that is the reason why they mostly get affected due to inflation because when you are salaried or employed, you will mostly only get a limited amount of money that is only enough for covering the basic expenses, but once inflation increases, they start facing problems because now they won't be able to cover the expenses. So many people are drowning in debts only because of this problem, they get a basic salary, inflation increases, they start borrowing money to cover the expenses, and then can't repay because they don't earn enough.

The only way one can fight against inflation is by having multiple sources of income because without having an increment in your earnings, you can't cover the extra expenses imposed by the inflation on you. This is the reason why so many people strive to have more than one sources of income even though it's difficult and extremely exhausting because you get tired even with one job, and if you start doing two jobs, you can imagine what happens.