Inflation the biggest problem of the modern era.

[Dogedegen]

I don't agree.
There are ways to escape inflation, even if you  make your money with a bread and butter job you can escape it.
Only if you don't become active you are victim to outer circunstancies..

How exactly do you mean with this? Inflation per definition is not that can be escaped, so even if you went into something like Bitcoin fully you are still affected by inflation because the prices of everything that you need are rising all the time. If you mean something else like earning more than inflation, then that is possible but any kind of passive income story has its own risk. It is not like for example now you rent out a house or apartment and there are no issues are you are earning enough forever. This is the case when you have high inflation even in the best countries which is the case these days, it is an endless fight for making enough money for the future.

I don't agree.
There are ways to escape inflation, even if you  make your money with a bread and butter job you can escape it.
Only if you don't become active you are victim to outer circunstancies..

Inflation destroys everything. Living 3-5% anual inflation is easy, and that is not the problem. The problem are higher inflation rates over decades.

I grew up in country with 80-100% inflation per month. That is crazy, and economy is destroyed. Nobody knows how much anything costs, sometimes a person gets a good job and it becomes bad quite quickly and might become good again.

While I emphasize with your situation and understand the extremity of your example, I would not say that living with 5% annual inflation is easy. Easy relative to your case? Yeah that is for sure, but it is not that easy overall. I remember a long time ago you could feed a whole family for a month with $200 in the developed world, and in those years in the less developed one it must have been even less. In 2 decades or so the cost has increased 5 times or more, there are differences depending on where people are. Even in the last few years the cost has easily increased by 50%, it does not matter what official inflation data lies are given. If you track your grocery spending historically and there are no big changes in where you live or what you buy, you can get better data yourself that will be more accurate. Inflation is a huge problem, and is a source of many issues that we have these days.

[Spaceman1000$]

I don't agree.
There are ways to escape inflation, even if you  make your money with a bread and butter job you can escape it.
Only if you don't become active you are victim to outer circunstancies..

Inflation is one of the greatest challenge of modern day reality, inflation comes in, in double digit sometimes and it affects the pockets of the ordinary citizen of the society. The annoying parts about inflation is the fact that, whenever it comes it will take the government a long period of time for them to implement a new minimum wage to cushion the effect of inflation on the people, so a lot of times you see people struggle with their bills just to meet up their daily demands. Some people are very active as a matter of facts they work out their ass just so that they can balance their financial demands, so inflation bites citizens in the most unrealistic way you can think of.

[Maslate]

Inflation is something that hits all people in all nation. It would be good if our salary also increase the same way, but it remained low and unable to afford the increasing prices of goods and services. Seeing our purchasing power with money constantly reducing, it adds more to the inevitable struggles of life. And you're right there, those who stay strong and firm will only be the one to survive life in the end.

But despite of having inflation, I don't see valid reason to stop looking for bigger means of income. We all have hidden skills and talents, this is the best time to maximize them and bring advantage to us.

[eightdots]

I don't agree.
There are ways to escape inflation, even if you  make your money with a bread and butter job you can escape it.
Only if you don't become active you are victim to outer circunstancies..

Inflation is one of the greatest challenge of modern day reality, inflation comes in, in double digit sometimes and it affects the pockets of the ordinary citizen of the society. The annoying parts about inflation is the fact that, whenever it comes it will take the government a long period of time for them to implement a new minimum wage to cushion the effect of inflation on the people, so a lot of times you see people struggle with their bills just to meet up their daily demands. Some people are very active as a matter of facts they work out their ass just so that they can balance their financial demands, so inflation bites citizens in the most unrealistic way you can think of.

Inflation has a significant impact on citizens and leads to negative economic consequences. There are ways to avoid the effects of inflation, but it is not easy. Individuals who have achieved good financial balance can combat inflation, but many have not been able to achieve this balance, and inflation affects their lives.

Government support is crucial in mitigating the effects of inflation. Governments can minimize the impact of inflation on citizens by taking effective measures during periods of inflation.

[blockman]

Even in the past, they were not able to escape inflation. They also dealt with it and that's why if they've done that in the past, we're going to do the same. We only have to survive but that's a bad thing to look at that we're just trying to survive these days. The inflation rate keeps increasing but the wagers never increased or if it does, very minimal and not enough to deal with the inflation because everything becomes more expensive. Budgeting our money won't be enough to do it. There's got to be more source of income or become filthy rich just not to feel it or you can ignore it. While the poor and average people or middle class, we're all feeling it and it's a terrible thing that eats up the value of the money we've worked hard for.

[MRY]

Even in the past, they were not able to escape inflation. They also dealt with it and that's why if they've done that in the past, we're going to do the same. We only have to survive but that's a bad thing to look at that we're just trying to survive these days. The inflation rate keeps increasing but the wagers never increased or if it does, very minimal and not enough to deal with the inflation because everything becomes more expensive. Budgeting our money won't be enough to do it. There's got to be more source of income or become filthy rich just not to feel it or you can ignore it. While the poor and average people or middle class, we're all feeling it and it's a terrible thing that eats up the value of the money we've worked hard for.

Increased prices of goods is a heavy burden in the life of ordinary people since it leads to the economic burden. Lack of income increments poverty. It will not be a real solution even by saving money. Human beings have to seek methods of making more money so as to survive. The ability to survive in hard times is by going out to seek new opportunities.

[WillyAp]

How exactly do you mean with this? Inflation per definition is not that can be escaped, s

People get a loan in and buy a house.
Inflation bring the amount of the down, then after a year or money you pay the loan back, 15% of the 100% you loaned. 

It does not work when living in a country where the dollar is tener. 

[Alone055]

@OP, there is nothing you call 'world governments' because every country and their government are responsible for what happens within the country and how they manage everything. I know you were referring to all the governments, but inflation is not a problem everywhere. There are countries with lower than 1% inflation, such as China and Switzerland. So, it's a problem in some countries, and their governments have to manage it, but it is mostly because the governments of those countries are corrupt, which is why the economy keeps going down instead of getting better.

I don't agree.
There are ways to escape inflation, even if you  make your money with a bread and butter job you can escape it.
Only if you don't become active you are victim to outer circunstancies..

It's not about escaping inflation through specific ways as you said. Of course, if someone manages to find and do three jobs, no matter how high the inflation is, they can still fight it and survive, but what makes you think that every person in a country can manage to do that? What about those who work manual labour to earn a living and earn enough to only eat twice a day? A bread costs $1 today and costs $3 after a month, but the wages remain the same. How is a labourer supposed to survive that?

[Dogedegen]

How exactly do you mean with this? Inflation per definition is not that can be escaped, s

People get a loan in and buy a house.
Inflation bring the amount of the down, then after a year or money you pay the loan back, 15% of the 100% you loaned. 

It does not work when living in a country where the dollar is tener. 

You are sharing a very specific case where it has some influence but limited to the situation that is being described, but even in that one I will have to disagree a bit. Let's first revisit what I was talking about, inflation is not something that you can escape. Even while you are doing this with your house, you are still not escaping price inflation relating to groceries, fuel and everything else in your life. So for me it is not really something that you can opt out even if in some circumstances you can defeat it a little bit. The case that you have described about loans only works under a specific situation, when you can get a fixed interest rate and then inflation is going above that. In every other case it does not work! Many loans are variable interest rate loans, and the interest rate is always higher than the inflation so you are not paying back less. You are paying back more!

It's not about escaping inflation through specific ways as you said. Of course, if someone manages to find and do three jobs, no matter how high the inflation is, they can still fight it and survive, but what makes you think that every person in a country can manage to do that? What about those who work manual labour to earn a living and earn enough to only eat twice a day? A bread costs $1 today and costs $3 after a month, but the wages remain the same. How is a labourer supposed to survive that?

It is not possible, even good office jobs can't escape inflation anymore. Actually adding more jobs, side income and all of that is not escaping inflation! It is a mitigation strategy, so you are minimizing the effects of inflation by doing more work or generating more income but it is still not an escape. Escape would mean somehow that you are no longer affected by inflation at all, which in our world is not possible.

[WillyAp]

[Let's first revisit what I was talking about, inflation is not something that you can escape. Even while you are doing this with your house, you are still not escaping price inflation relating to groceries, fuel and everything else in your life.

Yes buuut how di you relate a grocery sale vs a house-loan or anything else you get a loan on.
If you make in a time-frame of 6 month some 15000 US$ how does the raised grocery price relate to that.

Sure you cannot run away from all inflation but you can work the system to make a killing.
Ina highly volatile environment like some countries in Africa you make a killing by having foreign currencies alone.

[Olotu20]

I don't agree.
There are ways to escape inflation, even if you  make your money with a bread and butter job you can escape it.
Only if you don't become active you are victim to outer circunstancies..

Am not saying that, there is no way of escape when it comes to the issue of inflation, what am concern is the  fact about the ever increasing inflation situation all over the world. Inflation is now a global issue that, is not only ristricted to only certain countries due to the current state of their economy. Inflation is what both the high and mighty in society is battling with, inflation doesn't know which one is rich and poor it treats everyone in equal ways. Hence the reason why I said that inflation is the biggest problem of this modern era.

[Faisal2202]

Everyday mankind is faced with a serious problem and that is survival, with the world economy that we find ourselves today the cost of living is increasing every single day.This has even impacted on the way human used to live , when compared with previous generations. If the world monetary system is not fixed am afraid to say that mankind is at a cross road of survival. Just like the evolutionists will say that the world will only be for only the strongest and the weak will die off.

I can't agree more. After understanding a few things and becoming mature, we realize that we are the ones making problems and then solving them haha. For example, inflation is the most insidious problem, which is caused by the government, and at the same time it pretends to solve it haha. Inflation cuts the value of our funds by half, yet the banks call it monetary policy or pressure, etc.

We think these systems are so sophisticated, but in reality they are not. The consequences we are facing are due to the predictable results of printing money to cover deficits and expecting no consequences, or simply ignoring them.

The moment one problem is solved, they introduce another one.

[slapper]

The previous generations could have had a regular job, could have owned a house, could have raised kids, and they could have retired with some dignity. One income. It was not because they were better or harder working or whatever the story goes.

The strong survive, the weak die off. More accurate than it should be for a supposedly 'civilizational' life that is beyond mere survival logic. That is what chronic inflation does, though. It re-primitizes the economy. It forces everyone into short-term survival mode, the ability to think long-term, the ability to build something over time, the ability to rest are luxuries only available to those who have enough to outrun the devaluation.

And those people? They do not experience inflation at all. It inflates assets. Property, equities, access. The only violence that is inflation is if you have cash. You only have to be the sort who is been drilled into your brain since birth that saving money is the reason. That is just the way it is.

[SUPERSAIAN]

I don't agree.
There are ways to escape inflation, even if you  make your money with a bread and butter job you can escape it.
Only if you don't become active you are victim to outer circunstancies..

Escaping inflation doesn’t mean you aren’t hit by it, of course you would experience the price hikes in every commodity you buy and should you happen to offer some service yourself or is active in the buying and selling of products, you would reflect those changes in your product but, when you work a 9-5 and their isn’t a notable salary increase, you would be left to feel the full weight of it all and it’s recking our world in real time today.

Inflation is avoidable, but it's a reality. Opportunities always exist seizing them can help you resist inflation, even if you're working and leading an active life, by doing something extra. If there were no inflation, these efforts might be even more valuable. So, whether you agree or disagree, the effects of inflation are undeniable.

[Sanitough]

I'm way past thinking that inflation is one of the biggest problems we are facing at the moment. Right now, all I think is that having inflation is the new normal, and survival will turn to be a luxury in the future for everyone especially to those who have never gained a sustainable source of income.

This is the reason why as early as now we need to stick with strict financial planning and increase our income. This is the best way that we can minimize the effect of inflation, that could upscale into hyperinflation in the future.

[bhadz]

The previous generations could have had a regular job, could have owned a house, could have raised kids, and they could have retired with some dignity. One income. It was not because they were better or harder working or whatever the story goes.

This is the situation before and it's true that the life before was like this, very simple. A regular job can get you a house and a car and you'll still fine. These days, you'll get multiple jobs and it seems that it's still not enough due to the inflation that we're all not exempted for. The problem lies on how much the salary is and the inflation hits it and that its value becomes lesser. Our parents lived a better life than us because of how lif was simple way back then and inflation wasn't that high.

[Findingnemo]

Inflation is one of the problem in the society but if we are talking about the economic problem then it is the biggest burden on the working class people who don't really have an option to go through with it but if you are rich then inflation actually helps you, the debt value falls and asset that you are holding will keep generating returns or atleast on the paper, that is why it is important for one to become rich no matter where you are from.

[SamReomo]

I don't agree.
There are ways to escape inflation, even if you  make your money with a bread and butter job you can escape it.
Only if you don't become active you are victim to outer circunstancies..

Can you tell in detail about those ways? Because as far as I know it's not possible to escape inflation, all those countries where fiat is losing its value, prices are hiking and that's because of inflation, one can't buy goods with low amount nowadays, they'll have to sacrifice their health by buying low quality food or goods and that's not a way to escape inflation.

The only way to fight inflation is to earn more money than the minimum wage but in many countries the minimum wage is too low so making 5x to 10x of that minimum wage is needed somehow to enjoy your life without caring about inflation but again everyone can't do such things.

[Leahized]

The only way to fight inflation is to earn more money than the minimum wage but in many countries the minimum wage is too low so making 5x to 10x of that minimum wage is needed somehow to enjoy your life without caring about inflation but again everyone can't do such things.

Yes you are absolutely right, the value of fiat currency is constantly decreasing in my country. By doing this, all kinds of used products have to be bought with double money. Although my country is mainly agricultural, the financial income of daily laborers is very low. And considering various aspects, running their family has become very difficult. For example: A day laborer earns only 5-7 dollars per day but spends all his money to buy a makeup for his daughter. however, this is a small example but they cannot triple or quadruple their income even if they want to. So it is very difficult to fight inflation and live with it.

[Ziskinberg]

While climate change and global inequality are what comes first in my mind, however inflation remains a subjective economic concern which I think isn't just a passing by but will definitely stay for good. The rich and wealthy ones still feel somehow the effect of inflation, but the extremely poor individuals will be highly affected here since their purchasing power will definitely be completely compromised.

The key here, if you don't increase your source of income, you will surely be living in struggles. But if you have multiple sources of income, still inflation is a threat but its never that's a big issue for you.