How helpful is your economy today?

[PX-Z]

In my country the price our local currency against USD reach all time high just this month, that's how it become worst in terms of international market. While domestics problem like corruption are still no solution. Political enemy of the admin where filed by plunder cases, flood control projects are used for corruption. Even the latest international news of drug bust that was arrested on Laos with flight to my country's capital from their investigation. Now, the admin has its own story, that the flight is set to their enemy's baluarte. And talking about how helpful our economy? Just like i said, our local currency has reached the ATH against USD, and its the worst since then.

[B-BossMan]

I am saying this through the world I am coming from because every government including the developed countries make sure that their citizens live well and also have work to do while they taxed them and gradually deducts their payment. In that they have good healthcare, road, electricity and many more, if your country are not offering these things how would you feel. Do you think there are something you are missing and you would wish to go abroad just to make sure you have the type of life you want to live today?

My own economy as of today is not favorable to me because my money finishes before the month comes to an end and the economy is seriously squeezing men like sardines. You will receive salary and within 2 to 3 days even less than a week, the salary is no longer in your account because even transport fare to the office alone will wipe almost half of it and then you will have to restock your food stuff with the high price of things in the market, then you will need to pay up debts and aslo consider savings. The annoying part is that you are working full time and not being lazy. But at the end of the month you have nothing left to show, so wishing to travel abroad is not bad and it is not because the love of home is not there but one needs to seek greener pastures.

This is actually what almost everyone is facing, the economy is getting harder and despite the minimum wage increament,  thats even one of the issues in my country, they only have one source which is crude oil, and once the fuel is higher today, everything would be higher in price, so that's why even if I was collecting $200 today and my salary increase to $300 due to minimum wage, it's still the same as $200 because of high purchases of goods. But I just believed things would definitely be better if Governments are looking into the economic challenges of the country.

[MorganaX]

Everyday I feel the situation with my country is actually the worst when it comes to this economy stability issues although it's claimed that the hardship we are facing is because the current administration is trying to restore the economy and this sort of recession is common for any country to get back their system right which is total bullshit for me because the situation has been like this for as long as I can remember and it doesn't even show any signs of changing anytime soon as almost all the government change is practically same old fools that have been in charge for as long as I can remember.

[Nwadiche]

This is actually what almost everyone is facing, the economy is getting harder and despite the minimum wage increament,  thats even one of the issues in my country, they only have one source which is crude oil, and once the fuel is higher today, everything would be higher in price, so that's why even if I was collecting $200 today and my salary increase to $300 due to minimum wage, it's still the same as $200 because of high purchases of goods. But I just believed things would definitely be better if Governments are looking into the economic challenges of the country.

Exactly, the economy is getting worser right now even with the minimum wage increament added no value. Since the country depend only in crude oil and once petrol price is high that's how transportation will also get higher too. So as  long as transportation is higher than the way it was  before, that's how price of everything will automatically increase and things will be more tougher for the citizens.

[Nwadiche]

This is actually what almost everyone is facing, the economy is getting harder and despite the minimum wage increament,  thats even one of the issues in my country, they only have one source which is crude oil, and once the fuel is higher today, everything would be higher in price, so that's why even if I was collecting $200 today and my salary increase to $300 due to minimum wage, it's still the same as $200 because of high purchases of goods. But I just believed things would definitely be better if Governments are looking into the economic challenges of the country.

Exactly, the economy is getting worser right now even with the minimum wage increament added no value. Since the country depend only in crude oil and once petrol price is high that's how transportation will also get higher too. So as  long as transportation is higher than the way it was  before, that's how price of everything will automatically increase and things will be more tougher for the citizens. Right now even the minimum wages that was increased means nothing with the economy hardship, because the salary isn't enough compared to hard economy, it would be better if thr government build a refinery since the they have crude oil let them refined it within the country to avoid exporting it back again after being refined in other country.

[Obari]

I am saying this through the world I am coming from because every government including the developed countries make sure that their citizens live well and also have work to do while they taxed them and gradually deducts their payment. In that they have good healthcare, road, electricity and many more, if your country are not offering these things how would you feel. Do you think there are something you are missing and you would wish to go abroad just to make sure you have the type of life you want to live today?

The people in my country are one of the most adaptive people I know and we easily adjust to harsh conditions and even make silly excuses for them but trust me, my government is a total mess and nothing to write home about because how will someone explain to me how an economy just just drastically get messaged up within a specs did 3 years and even the worst case is that the country is looking irreparable and that is how to explain the depth of how the economy is messed up.

Most times I just wonder if the government officials in my country are illiterate because there are several ways they can regenerate money and the people wouldn't have to complain atleast not so much if things are truly working but these very administration have decided to frustrate  its citizens and I think they are trying to country the country with poverty and hunger but fortunately, the people as a nation are already getting more knowledgeable of their rights and can't be easily manipulated just like before.

[#CapsLOck]

I am saying this through the world I am coming from because every government including the developed countries make sure that their citizens live well and also have work to do while they taxed them and gradually deducts their payment. In that they have good healthcare, road, electricity and many more, if your country are not offering these things how would you feel. Do you think there are something you are missing and you would wish to go abroad just to make sure you have the type of life you want to live today?

The people in my country are one of the most adaptive people I know and we easily adjust to harsh conditions and even make silly excuses for them but trust me, my government is a total mess and nothing to write home about because how will someone explain to me how an economy just just drastically get messaged up within a specs did 3 years and even the worst case is that the country is looking irreparable and that is how to explain the depth of how the economy is messed up.

Most times I just wonder if the government officials in my country are illiterate because there are several ways they can regenerate money and the people wouldn't have to complain atleast not so much if things are truly working but these very administration have decided to frustrate  its citizens and I think they are trying to country the country with poverty and hunger but fortunately, the people as a nation are already getting more knowledgeable of their rights and can't be easily manipulated just like before.

While they can survive tough economic times, they shouldn't have to take tough times as the norm. A big issue is that individuals may become complacent with cost increases and poor public services and accept lower standards rather than demand increased performance. But economic recovery can't just be about revenue generation, governments also have to control public spending, set up favourable conditions for businesses to grow, and ensure opportunities are accessible to the general public. Public awareness is important, but should also result in informed engagement and accountability.

[fruktik]

One country is better than other, but we can't say a name and this is the best in all. But if you feel you are paying too much tax and not getting the benefit and have the opportunity to move out and settle in Dubai or Singapore, then just go ahead your quality of life will improve drastically.

But if you are from middle class and struck in the rate race then escaping to such places is not that easy.

There is a common saying in Russia: "The grass is always greener on the other side." What does this mean? It suggests that people often idealize other countries when comparing them to their own. Every nation faces numerous internal problems that remain unresolved—issues that have accumulated over the years while the government ignores them and fails to take any action.

To truly grasp this, one must experience it firsthand. This requires living in a country for an extended period. Only then can one engage in meaningful discussion or make valid comparisons.

[Decimetre]

One country is better than other, but we can't say a name and this is the best in all. But if you feel you are paying too much tax and not getting the benefit and have the opportunity to move out and settle in Dubai or Singapore, then just go ahead your quality of life will improve drastically.

But if you are from middle class and struck in the rate race then escaping to such places is not that easy.

There is a common saying in Russia: "The grass is always greener on the other side." What does this mean? It suggests that people often idealize other countries when comparing them to their own. Every nation faces numerous internal problems that remain unresolved—issues that have accumulated over the years while the government ignores them and fails to take any action.

To truly grasp this, one must experience it firsthand. This requires living in a country for an extended period. Only then can one engage in meaningful discussion or make valid comparisons.

Sometimes when I think about this issue of thinking that one country is better than your own country, I remember another saying in my area that, "A person will always want to be where he is not" and until you test the two sides of the coins, you won't know the better side. I do ask myself, is there no poor person or jobless person in some of these countries?

I think it's better to put effort wherever you are and try to have money first before thinking of traveling to a different country. If you are traveling with the desperation of making more money out there, you may end up failing in such countries or you may never make as much money as you wanted. With good skills and motivation, one can make as much money as he wants in his own country because every country has the elites who make it big regardless of the situations on ground.

Decide to succeed and follow it accordingly. In my country, the cost of traveling out of the country to a good country is so high that if your reasons for travelling is to make big money, you can also start a good business here with that amount instead of waste it traveling to where you're not yet sure of how it will end.

[fruktik]

Sometimes when I think about this issue of thinking that one country is better than your own country, I remember another saying in my area that, "A person will always want to be where he is not" and until you test the two sides of the coins, you won't know the better side. I do ask myself, is there no poor person or jobless person in some of these countries?

I think it's better to put effort wherever you are and try to have money first before thinking of traveling to a different country. If you are traveling with the desperation of making more money out there, you may end up failing in such countries or you may never make as much money as you wanted. With good skills and motivation, one can make as much money as he wants in his own country because every country has the elites who make it big regardless of the situations on ground.

Decide to succeed and follow it accordingly. In my country, the cost of traveling out of the country to a good country is so high that if your reasons for travelling is to make big money, you can also start a good business here with that amount instead of waste it traveling to where you're not yet sure of how it will end.

Until I have financial security and stability, I won’t even consider moving to another country—it’s an extremely expensive undertaking. Furthermore, I have no intention of trying to earn a living or searching for a job abroad; that’s just not for me. I once entertained such ideas, but I’ve realized that I have no desire to go through that whole process.

I like my country, but not the government, which is engaging in total madness. I hope to live long enough to see this all come to an end and be replaced by sensible people who are genuinely concerned with the well-being of the population.

[Fivestar4everMVP]

I am saying this through the world I am coming from because every government including the developed countries make sure that their citizens live well and also have work to do while they taxed them and gradually deducts their payment. In that they have good healthcare, road, electricity and many more, if your country are not offering these things how would you feel. Do you think there are something you are missing and you would wish to go abroad just to make sure you have the type of life you want to live today?

If going abroad was easy and guarantees the same level of freedom I enjoy in my country, then I perhaps wouldn't mind, but unfortunately, this are not the case, for an ordinary person who is trying everything possible to make myself relevant in the world, going abroad is not and or wont be easy, and over there, one wont enjoy the same level of freedom they enjoy in their country of origin, this is why for me, instead of running abroad, I will rather stay in my home country and hold the government accountable, I will join others in tackling them until they start doing what is right.

This does not mean I wont travel out anyway, just that when I do, it will be for vacation and business trips rather than a quest for greener pasture.

[Jerrycrypto2024]

Despite the economy of my place not given what I desire as result of inflation, the requirements of travel or moving out one met can usher me be some financial freedom where I can practice some small scale agriculture produced that will make be live better in the economy , the reason many move out is to get what give them financial freedom some can still be in the hard economy and get that freedom if the plan and have business idea with opportunity, many hard no intention of moving outside the country if the government create enabling environment for them to thrive.
 No country is hundred percent better any moving out still require what we called huzzle you must work to survive, even in the mist of the country your moving to some are finding it hard the world is not balance one still need find out what seem favorable because not everyone that move out still sustain the financial freedom.

[Lontor]

Not helpful, not in one bit, and my own country people are putting back the same crazy man (leader) that turned everything down for us into the control room once again, just like how Trump plans to take control again.

Price of every thing are going out of control, it's like prices are been added up every week, so what you bought last week can't be bought again this week for that same last price.

My economy is so worst that you need to make more money than what you were making weeks ago just to catch up, my problem is I can't move into another country, there is no way and I am stucked here.

[PVequalNRT]

Everyday I feel the situation with my country is actually the worst when it comes to this economy stability issues although it's claimed that the hardship we are facing is because the current administration is trying to restore the economy and this sort of recession is common for any country to get back their system right which is total bullshit for me because the situation has been like this for as long as I can remember and it doesn't even show any signs of changing anytime soon as almost all the government change is practically same old fools that have been in charge for as long as I can remember.

Reading through some posts, I think all countries has the same thing in common, most especially the developing countries. Everyone seems to be struggling and tired of how the government has made the country hard to live in. Some people can't actualize there dreams because of how the economy is very bad. You can't save in your local currencies because the inflation isn't smiling, this is why it's best to make your investment on what can give you peace.

Bitcoin might look expensive to some people due to devaluation of their currency but there is no way about it. Make Bitcoin investments, you will get the advantage when you want to sell your Bitcoin to your local currency.

[liasbaa]

Everyday I feel the situation with my country is actually the worst when it comes to this economy stability issues although it's claimed that the hardship we are facing is because the current administration is trying to restore the economy and this sort of recession is common for any country to get back their system right which is total bullshit for me because the situation has been like this for as long as I can remember and it doesn't even show any signs of changing anytime soon as almost all the government change is practically same old fools that have been in charge for as long as I can remember.

Reading through some posts, I think all countries has the same thing in common, most especially the developing countries. Everyone seems to be struggling and tired of how the government has made the country hard to live in. Some people can't actualize there dreams because of how the economy is very bad. You can't save in your local currencies because the inflation isn't smiling, this is why it's best to make your investment on what can give you peace.

Bitcoin might look expensive to some people due to devaluation of their currency but there is no way about it. Make Bitcoin investments, you will get the advantage when you want to sell your Bitcoin to your local currency.

Inflation is causing the depreciation of local currencies in almost all countries. In such a financial situation, there is no alternative path for self-development. You have to acquire skills in a job that is in demand everywhere. If you have a basic understanding of the world economy, the cost of living is increasing in almost every country. This is happening due to the deliberate creation of inflation by governments. The fiat you have is depreciating because of the negative effects of inflation.

To reach a financially comfortable position you need to accumulate Bitcoin regularly from now on considering the future. Excess fiat will depreciate over time, but Bitcoin is a "store of value" whose value can increase over time.

[Abdulzuruku01]

Everyday I feel the situation with my country is actually the worst when it comes to this economy stability issues although it's claimed that the hardship we are facing is because the current administration is trying to restore the economy and this sort of recession is common for any country to get back their system right which is total bullshit for me because the situation has been like this for as long as I can remember and it doesn't even show any signs of changing anytime soon as almost all the government change is practically same old fools that have been in charge for as long as I can remember.

Well actually Nigeria is really trying to grow and stabilize its economy, but we deserve a better rank in the world economy than our current one. They removed the fuel subsidy and imposed so many taxes on the citizens. Even though it's unfortunate we have mostly not been lucky with good leaders. Most of the leaders that came into power are just using economic reform as an excuse everytime to loot government funds and live a luxurious life. Meanwhile life has been hard for normal citizens because of insecurity, bad roads, and poor electricity. Some citizens are farmers and local producers but because of the issues I highlighted, they can't even get access to their farms anymore because of insecurity or do their normal businesses. We have a long way to go because there are vital issues that need to be solved and they are the reason for the high cost of living.

[Abdul Sami786]

Everyday I feel the situation with my country is actually the worst when it comes to this economy stability issues although it's claimed that the hardship we are facing is because the current administration is trying to restore the economy and this sort of recession is common for any country to get back their system right which is total bullshit for me because the situation has been like this for as long as I can remember and it doesn't even show any signs of changing anytime soon as almost all the government change is practically same old fools that have been in charge for as long as I can remember.

Reading through some posts, I think all countries has the same thing in common, most especially the developing countries. Everyone seems to be struggling and tired of how the government has made the country hard to live in. Some people can't actualize there dreams because of how the economy is very bad. You can't save in your local currencies because the inflation isn't smiling, this is why it's best to make your investment on what can give you peace.

Bitcoin might look expensive to some people due to devaluation of their currency but there is no way about it. Make Bitcoin investments, you will get the advantage when you want to sell your Bitcoin to your local currency.

Inflation is causing the depreciation of local currencies in almost all countries. In such a financial situation, there is no alternative path for self-development. You have to acquire skills in a job that is in demand everywhere. If you have a basic understanding of the world economy, the cost of living is increasing in almost every country. This is happening due to the deliberate creation of inflation by governments. The fiat you have is depreciating because of the negative effects of inflation.

To reach a financially comfortable position you need to accumulate Bitcoin regularly from now on considering the future. Excess fiat will depreciate over time, but Bitcoin is a "store of value" whose value can increase over time.

You are absolutely right that inflation has made it difficult for every country to live and make ends meet.If the government increases salaries inflation may be faced easily.But if inflation touches the sky and salaries remain the same and there is no way to earn income life seems difficult and this has a bad effect on the little class because they are not provided with any more opportunities.In the meantime your advice is quite useful to learn such skills that are needed at all times because food drink and medical assistance are always needed and clothes are also needed. Acquire skills thoughtfully because there is no chance of inflation coming down in the future.

[o48o]

-cut-
You have my point and that is what I am actually looking to have people talk about, if we take for instance our country Nigeria...
-cut-

-cut-
I don't know the country that the OP belongs to, maybe he is from one of the civilised countries.
-cut-

You are literally quoting the OP saying he/she is from Nigeria.

But answering to OP now...

Can't complain. Clean tap water and freedom in most important things to me. Anyone can just walk on anyone's forest as long as they behave. I live in one of the least corrupt countries and public education is pretty good, there are practically no mass shootings and even though i disagree with our current government on their right wing policies, things are going pretty well.

Most of us in here see more value is everyone's quality of life then getting ton of money.

[Cgrexp]

Everyday I feel the situation with my country is actually the worst when it comes to this economy stability issues although it's claimed that the hardship we are facing is because the current administration is trying to restore the economy and this sort of recession is common for any country to get back their system right which is total bullshit for me because the situation has been like this for as long as I can remember and it doesn't even show any signs of changing anytime soon as almost all the government change is practically same old fools that have been in charge for as long as I can remember.

Reading through some posts, I think all countries has the same thing in common, most especially the developing countries. Everyone seems to be struggling and tired of how the government has made the country hard to live in. Some people can't actualize there dreams because of how the economy is very bad. You can't save in your local currencies because the inflation isn't smiling, this is why it's best to make your investment on what can give you peace.

Bitcoin might look expensive to some people due to devaluation of their currency but there is no way about it. Make Bitcoin investments, you will get the advantage when you want to sell your Bitcoin to your local currency.

Inflation is causing the depreciation of local currencies in almost all countries. In such a financial situation, there is no alternative path for self-development. You have to acquire skills in a job that is in demand everywhere. If you have a basic understanding of the world economy, the cost of living is increasing in almost every country. This is happening due to the deliberate creation of inflation by governments. The fiat you have is depreciating because of the negative effects of inflation.

To reach a financially comfortable position you need to accumulate Bitcoin regularly from now on considering the future. Excess fiat will depreciate over time, but Bitcoin is a "store of value" whose value can increase over time.

You are absolutely right that inflation has made it difficult for every country to live and make ends meet.If the government increases salaries inflation may be faced easily.But if inflation touches the sky and salaries remain the same and there is no way to earn income life seems difficult and this has a bad effect on the little class because they are not provided with any more opportunities.In the meantime your advice is quite useful to learn such skills that are needed at all times because food drink and medical assistance are always needed and clothes are also needed. Acquire skills thoughtfully because there is no chance of inflation coming down in the future.

If income does not keep pace with inflation purchasing power gradually declines. As the prices of essential goods and services rise at an equal or even faster rate there is effectively no real improvement in an individual's financial situation. This becomes particularly challenging for low income earners and those living on a fixed salary. As the vast majority of their earnings is consumed by basic necessities like food, housing and other essential needs. Consequently there is little opportunity to save or develop alternative sources of income. Rather than relying solely on salary increases. it is crucial to focus on enhancing one’s own skills and earning capacity which can in turn create opportunities for a steady income. There is often a demand for various technical and digital skills though the availability of such work and the potential earnings can vary depending on location and timing. Simply acquiring skills does not guarantee financial security one must also be able to leverage those skills to generate income. Regardless of how hard an individual works if their income remains insufficient to cover the basic cost of living. There are inherent limits to what personal effort alone can achieve. While personal skills can help an individual adapt to changing circumstances they cannot single handedly resolve all economic challenges. A more pragmatic approach involves managing one’s current income as effectively as possible while gradually building financial security. It is equally important to focus on increasing one’s earning potential and preparing to navigate future risks.

[MainIbem]

The people in my country are one of the most adaptive people I know and we easily adjust to harsh conditions and even make silly excuses for them but trust me, my government is a total mess and nothing to write home about because how will someone explain to me how an economy just just drastically get messaged up within a specs did 3 years and even the worst case is that the country is looking irreparable and that is how to explain the depth of how the economy is messed up.

Most times I just wonder if the government officials in my country are illiterate because there are several ways they can regenerate money and the people wouldn't have to complain atleast not so much if things are truly working but these very administration have decided to frustrate  its citizens and I think they are trying to country the country with poverty and hunger but fortunately, the people as a nation are already getting more knowledgeable of their rights and can't be easily manipulated just like before.

That's what you get when people voted into government are ignorant on how to govern the country they'll end up doing things that would crumble the economy and mostly overlook the interest of the citizens they promised good governance for their own interest, you might be fair to call them illiterates but such kind of people are criminals who's only interest is to fight their way into power and loot public funds. Nothing good can come out from a corrupt system of government.