Can an economy grow while the average citizen becomes poorer

[Bitcoin.com97]

Someone can actually be in a developed country and still be poor, I don't know but i feel it's just nature ,not everyone is destined to be rich , even in those rich countries that we feel are doing well most of there citizens are suffering and homeless .

So being in a developed country doesn't mean everyone there is doing well, most government don't play there role delegently, if they creat jobs opportunity possibly the poverty level many reduce, sometimes  I feel poverty rate is caused by the government, in which they are not doing the right thing for there citizens.

[Olotu20]

There is a direct relationship between the economy of a Nation and the well-being of her citizens. This is the way that, the economy is measured by how well the citizens are doing well economically. You can't be having a good economy on paper but doesn't translate to economic prosperity in the life of the ordinary citizens in reality. A good economy will definitely reflect on the daily living conditions of the citizens. So if you want to see an economy that is doing well look at the living standard of the ordinary citizens of such a country. This is the reason why factors such as inflation rate, interest rate which affect the cost of living are key indicesse to look out for when it comes to an economy. Because it affect the purchasing power of every economy, one thing that I have seen is that government like to do propaganda especially in third world countries. Which the government will be running propaganda and will buy over all the media house's and will be running a propaganda about the economy growing while the citizens continues to sink down into poverty.

[Die_empty]

To me i feel the financial stability of a country has little contribution to the welfare of a citizen, tho there might be some positive outcome about that concerning job opportunities and all that, but I just have this feeling that someone can be in a developing country and also still be getting into debt and still get poorer. It might be due to some wrong choices or some wrong investments but not everyone would always be rich or would I say not everyone must be successful, I don't know if I'll say it's the rule of life as a whole, but it's something that's common. Some can even get the chance of hitting it big for a lifetime and still fumble the chance maybe due to unforseen circumstances or some misplaced priorities. Meanwhile some actually don't have the chance to make it big ever.

What's your take on this?

Countries that are battling inflation will produce more poor people. Gross Domestic Product (GDP) is not the only indicator that the country is doing well economically. When the currency of a country keeps losing value, it can kill businesses, increase unemployment, and make people spend more. The difference between poverty in developing and developed nations is the population and the level of poverty. Developing nations have a higher number of those who cannot afford basic needs.

Not everyone will be rich because we have different capacities, intelligence, skills, luck, etc. Those who were unfortunate not to know how to maximize the opportunity they had will regret it later.

[kawetsriyanto]

Someone can actually be in a developed country and still be poor, I don't know but i feel it's just nature ,not everyone is destined to be rich , even in those rich countries that we feel are doing well most of there citizens are suffering and homeless

Although being a poor may be the nature or destiny, but I'm sure we can improve our life condition if we do hard efforts. I know not everyone can be rich, but everyone has a chance to change their economic level. Sure, there are still some people who can be homeless or have bad financial stability although they live in a developed country. However, there must be a support or help from the government (job opportunities, aid funds, etc).

So being in a developed country doesn't mean everyone there is doing well, most government don't play there role delegently, if they creat jobs opportunity possibly the poverty level many reduce, sometimes  I feel poverty rate is caused by the government, in which they are not doing the right thing for there citizens.

Indeed. There are bad governments who do improper policy in a country. So, there is no enough job opportunities, not aid funds, and etc. However, I think it is in few countries, other countries may have good government who do their programs properly. By the way, governments only can help us, they can't totally guarantee our life. So, citizens also still need to do their own efforts hardly.

[Questat]

Having a country's good economy does not mean that all financial needs and opportunities will be given guaranteed to the people. It does not work like that. The country should also reserve bigger funds to finance all infrastructures and government-aid projects that would provide safety and comfort of the citizens. But stabilizing the income of the citizens is already an individual's obligation if they want to achieve greener pasture in the future. The government will only assist them, its their own actions and decision-making that will determine their status in life.

[Leahized]

If the government is not doing enough for the people by providing them with jobs opportunities, they will get poorer. From my perspective, the government has a very big role to play in the lives of the people.
I agree with you that someone can live in a developed country and still be poor, but those living in a developed countries don’t suffer like those who come from underdeveloped countries. Some people are suffering because they didn’t utilized their resources properly, they were busy enjoying their lives without thinking about the future.

If there is any situation, where the government provides employment opportunities but the people start to fall into poverty. Although it is quite rare for this to happen in reality. But ordinary citizens should not only enjoy the benefits of the government but also make themselves more active and develop efficiently. Otherwise, the effects of poverty will also be seen in developing countries. Although they may enjoy various benefits, such as: advanced medical care, education, employment opportunities, etc.

Moreover, not every citizen of a developing country lives in luxury and becomes not poor by losing wealth. However, in developed countries, poor individuals are unable to change their living conditions. Yesterday I saw in a blog that, in the USA to build a house, the government has to pay a hefty tax according to all laws. As a result, it is almost difficult to get out of a life of hardship.

[WillyAp]

The example of my country, Greece has tought us that people generally becoming poorer and lowering their purchasing power has long lasting consequences.

Are there no new enterprises who have a good time?
Start ups? Every Economy needs the input of their people. What happens nowadays is that the current generations are low on ambition.
Only a few see that they have to move themself. You can live in Zimbabwe and have some success. .

[Cossyblack]

If the government is not doing enough for the people by providing them with jobs opportunities, they will get poorer. From my perspective, the government has a very big role to play in the lives of the people.
I agree with you that someone can live in a developed country and still be poor, but those living in a developed countries don’t suffer like those who come from underdeveloped countries. Some people are suffering because they didn’t utilized their resources properly, they were busy enjoying their lives without thinking about the future.

The level of suffering in underdeveloped countries would be consider as politicide in developed countries. I believe that most poor people in developed countries won't survive a week if they were poor in a developed countries.
Some countries are so poor that the government can't afford to pay civil servants salaries, execute projects let alone create jobs for its people. If you take Dr Congo for instance, the government can't afford to give people a good life because they aren't generating enough revenues, so majority of people there is expected to be extremely poor.

[Davidloki]

To me i feel the financial stability of a country has little contribution to the welfare of a citizen, though there might be some positive outcome about that concerning job opportunities and all that, but I just have this feeling that someone can be in a developing country and also still be getting into debt and still get poorer. It might be due to some wrong choices or some wrong investments but not everyone would always be rich or would I say not everyone must be successful, I don't know if I'll say it's the rule of life as a whole, but it's something that's common. Some can even get the chance of hitting it big for a lifetime and still fumble the chance maybe due to unforseen circumstances or some misplaced priorities. Meanwhile some actually don't have the chance to make it big ever.

What's your take on this?

Don't get it wrong. The economic standard of a country has a huge part to play in the standard of living of citizens in that country. This is because it is the activities of citizens in the country that determines the economic standard of the country, also accompanied with government policies and standards. It is true that you can't have everyone rich in a country, there would always be the rich and the poor in every situation.

But the difference between both is knowledge, information and access and that summarizes everything in general.

[Finebone]

What's your take on this?

Most countries around the world are a capitalist state, so individually it's your obligation to improve your finances, because the government cannot touch the lives of many people that has refuses to see it as an obligation to help themselves by working to improve their lives or their financial state.

The economic growth of a nation doesn't automatically means that everyone or the average citizens will be doing well, because if that was the case, in some develop nations around the world that their economy did well, every one there would have been living above the poverty line, but since standard of living depends mostly on how you work or how you can make use of the opportunity provided by the government, some people will still be living below the poverty line because it may be that they are lazy or they are living a life of waste once serious money get into their hand or they may be involved in gambling, so my point is that the economic growth of a nation doesn't automatically means that the lives of all  their citizens will be upgraded, no, because some people are born to suffer in poverty, due to their bad economic or financial decisions.

[batang_bitcoin]

Having a country's good economy does not mean that all financial needs and opportunities will be given guaranteed to the people. It does not work like that. The country should also reserve bigger funds to finance all infrastructures and government-aid projects that would provide safety and comfort of the citizens. But stabilizing the income of the citizens is already an individual's obligation if they want to achieve greener pasture in the future. The government will only assist them, its their own actions and decision-making that will determine their status in life.

That's what the government can contribute by making its people have the better financial status through their programs. I think it's enough if they provide, good education, basic health services and all other financial aid programs. Because that's the essentials that a person can have as they start with their lives. The government can provide those aides but it's still going to depend on the people if they become poor or rich. We can't blame it all to the government especially if we can see that they're doing it right and spending the taxes in the right infrastructures and services.

[Pi-network314159]

Actually you can be poor, broke and wretched in a developed country Not even in a developing one. The location we find ourselves doesn't mean you will succeed. In as much as life is concerned, there is every tendency that 40 out of every %100 will be poor, and they will always find fault or give reason why they can't succeed even in the heart of opportunity because of the choices of life they make. The other day I saw video of homeless drug addicts on the street in abroad, how they where on the street almost lifeless and still injecting themselves with drug, While some are homeless beggers and bom. Some still find it hard to succeed regardless of how opportunity is there. Now the question is that does it mean they are not in the right place of destiny? Or they mistakenly chose poverty for themselves? Well life is really hard and everyone can not be rich because all mindset and life planing differs. Life is all about what you plant vs you reap.

[Pablo-wood]

The example of my country, Greece has tought us that people generally becoming poorer and lowering their purchasing power has long lasting consequences.

Are there no new enterprises who have a good time?
Start ups? Every Economy needs the input of their people. What happens nowadays is that the current generations are low on ambition.
Only a few see that they have to move themself. You can live in Zimbabwe and have some success. .

Development of any nation is a collective effort. The government will only put structures in place but it takes everyone's input to make those structures worth productive. Imagine a developed country where the medical services are standard, where infrastructures are put in place but the citizens are not taking up roles to help boast the economy in such case we can't blame the government for poor citizens. This why development requires collective effort.

[bhadz]

This is our country right now, a few months ago it's reported that we're now an upper middle-income country and that means that the economy has raised a bit. But, it seems to be that it's only by words and not by the actuality. Most of the locals are struggling of how life is tough recently, with higher inflation, low minimum wage and almost every utilities that we use have also increased. As what everyone is saying, we're only working to pay the bills. Yes, the status of the country per se can be said good but not its people based on the ground and actual experience.

[WillyAp]

The example of my country, Greece has tought us that people generally becoming poorer and lowering their purchasing power has long lasting consequences.

Are there no new enterprises who have a good time?
Start ups? Every Economy needs the input of their people. What happens nowadays is that the current generations are low on ambition.
Only a few see that they have to move themself. You can live in Zimbabwe and have some success. .

Development of any nation is a collective effort. The government will only put structures in place but it takes everyone's input to make those structures worth productive. Imagine a developed country where the medical services are standard, where infrastructures are put in place but the citizens are not taking up roles to help boast the economy in such case we can't blame the government for poor citizens. This why development requires collective effort.

I disagree, why do you think some start ups reach the top?
In India, in Africa and elsewhere they have successful start ups. There is no 100% homogeneous country we are all individuals.

[Jewan420]

The development of the people means the development of the country. When the financial stability of the common citizens of a country becomes questionable, then I do not agree with calling the country a developed country. They may be developed in terms of GDP and per capita income, but the industrial institutions or various companies of that country are mainly developed financially. Because most of the money in the GDP is added from the money of industrial institutions and various companies. Even in terms of per capita income, these institutions play a role. But there is no development of the common people and their plight is not mentioned in the GDP and per capita income. I call a country developed only when the majority of the people of a country are developed.

[Hamza2424]

Bro, I think you don't know, but everyone in a developing country is suffering from financial issues haha. It's the developed countries where they shouldn't, and that's what you were supposed to ask, but you said developing countries. I think that's a mistake. Anyway, I will answer to that.

So even if the economy is doing good and you are from a developed country, it doesn't matter anymore. They might give you some money from a scheme they are running, but eventually, you have to work. You have to do something for yourself. Even if you don't want to, you can't make a good life, you can't contribute to the economy, and the economy will only bear you for some time. After that, you will be a burden.

So before this happens, start taking your responsibilities and do your part, either you are in a developed country or in a developing country. You have to do your part.

[I_Anime]

To me i feel the financial stability of a country has little contribution to the welfare of a citizen, though there might be some positive outcome about that concerning job opportunities and all that, but I just have this feeling that someone can be in a developing country and also still be getting into debt and still get poorer. It might be due to some wrong choices or some wrong investments but not everyone would always be rich or would I say not everyone must be successful, I don't know if I'll say it's the rule of life as a whole, but it's something that's common. Some can even get the chance of hitting it big for a lifetime and still fumble the chance maybe due to unforseen circumstances or some misplaced priorities. Meanwhile some actually don't have the chance to make it big ever.

What's your take on this?

Yeah is possible for economy to grow while a citizen becomes poor. Personally, I believe that doing well for yourself boils down to the decisions you make and the actions you take. Because there are some folks that are still doing well in a poor economy, yes being in a well developed economy comes with a pretty good advantage. Though , still there are many that can’t make good use of the advantages that comes with it , that’s why folks usually make this statement it is “you vs you “ .

[Bitcoin Smith]

To me i feel the financial stability of a country has little contribution to the welfare of a citizen, though there might be some positive outcome about that concerning job opportunities and all that, but I just have this feeling that someone can be in a developing country and also still be getting into debt and still get poorer. It might be due to some wrong choices or some wrong investments but not everyone would always be rich or would I say not everyone must be successful, I don't know if I'll say it's the rule of life as a whole, but it's something that's common. Some can even get the chance of hitting it big for a lifetime and still fumble the chance maybe due to unforseen circumstances or some misplaced priorities. Meanwhile some actually don't have the chance to make it big ever.

What's your take on this?

Being in a debt doesn't mean you are poor as long as you can make the payments back, and any nation wants to grow that doesn't mean all the people in the country is getting better financially, they have the opportunity but it is up to the individuals to take it or left out while everyone is growing.

Government policies will also comes into the picture here, how much tax burden they are put into while their average pay is not getting better.

[Cookdata]

To me i feel the financial stability of a country has little contribution to the welfare of a citizen, though there might be some positive outcome about that concerning job opportunities and all that, but I just have this feeling that someone can be in a developing country and also still be getting into debt and still get poorer. It might be due to some wrong choices or some wrong investments but not everyone would always be rich or would I say not everyone must be successful, I don't know if I'll say it's the rule of life as a whole, but it's something that's common. Some can even get the chance of hitting it big for a lifetime and still fumble the chance maybe due to unforseen circumstances or some misplaced priorities. Meanwhile some actually don't have the chance to make it big ever.

What's your take on this?

I know there is nothing like perfect a economy but if an economy is stable, it fixes a lot of things. Businesses boom, the more they sell the more money they make. If you work, you get rewarded with profits. It's only when you decide to be the lazy type or if you are living above your means. I hope you know that some people get into debts not because of the economy, it's because of the hard choice they make that get them into the financial challenge.

If an economy is doing well, I expect you to work and earn as well and make sure you avoid debts. If what you are doing is not sorting all the bills, expand what you do. If you are doing one job before and you feel you can do two and there is way you can do it, max it out and get the money, but like I said, let's everything you do be within your means of earning, there is no way you can spend much when you end less, that's a financial suicide.