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Topic: Big Reasons Why Many Families Are Feeling Extreme Financial Stress - page 6. (Read 3088 times)

sr. member
Activity: 644
Merit: 261
Yes, nowadays all the prices are so high, and the inflation combine with global crisis really make things worse, there are not a lot of job opportunities available, some companies prefer to used machine and robot to cut the cost, so earning money become more challenging, and there is no sign this thing is going to end, so just need to work harder and smarter

It's not like we can feign ignorance of the rising prices because it has been affecting our cost of living so the way for us to at least maintain our lifestyle is to find another source of income because it is more likely that the salary is the same but the goods and services that we are paying for are increasing so we either have lower net savings or we may lack funds at all and we have to adjust on our lifestyle. Employers cannot increase the salaries of employees because they even have higher expenses and lower income and they are affected too.

I hope that many people would open their eyes to not depend on a single source of income which is often the salary because if the company he works with laid off employees or go bankrupt then he wouldn't have a job anymore so there is no job security. The solution to this is to have an investment that will generate passive income while working or build a business perhaps. We have to work harder and smarter to survive as we can't prevent inflation.
hero member
Activity: 1274
Merit: 516
Yes, nowadays all the prices are so high, and the inflation combine with global crisis really make things worse, there are not a lot of job opportunities available, some companies prefer to used machine and robot to cut the cost, so earning money become more challenging, and there is no sign this thing is going to end, so just need to work harder and smarter
hero member
Activity: 2870
Merit: 594
Many families are feeling extreme financially stress due to health problems, have lots of monthly obligation to pay, lost of source of income, bankruptcy in their businesses, and have small income that cannot sustain all their needs. In addition to that is the extension family they feed & support, parents, siblings and other relatives that are relying to their financial support. If every family is working together & helping hand in hand for the family, and there is no lazy in the family, there will be no financial stress.

That's part of life I guess. Its really up to us how to cope with this kind of stress in our life. Some become successful in life, because they work very hard for their family because they don't want to be poor for the rest of their lives.

However, for most of us less fortunate, there are a lot of stress that can break us apart. Health issues, not enough money to put and feed our family. But we need to be mentally strong in order to survived the financial stress. And we all need to adopt as well. As human beings, its one of the traits that separates us from other species, so make the best out of it and fight all our problems along the way.
newbie
Activity: 99
Merit: 0
Many families are feeling extreme financially stress due to health problems, have lots of monthly obligation to pay, lost of source of income, bankruptcy in their businesses, and have small income that cannot sustain all their needs. In addition to that is the extension family they feed & support, parents, siblings and other relatives that are relying to their financial support. If every family is working together & helping hand in hand for the family, and there is no lazy in the family, there will be no financial stress.
member
Activity: 420
Merit: 14
If you ask me. It's more of poor financial planning. Why bring kids into the mix if you don't have enough to feed yourselves. I mean I've talked to my single friends and they alwayz say that they have to build emergency funds, calculate their needed income to have a baby and evem have multiple stock options before getting married.
legendary
Activity: 1526
Merit: 1179
Since all the value of our daily necessities are getting high each day, we should just have something to support our needs.
If you ask yourself why these costs are getting higher continuously, you'll directly know what the answer is with Bitcoin being an available option. It's not really that difficult to figure out yourself.

You can't endlessly work more in order to fill up gaps, and in the same way you can't endlessly fill up your gaps with debt. It requires a move away from the main source of the real problem, which is fiat.

Bitcoin easily outperforms anything the traditional market has to offer, and even when the price doesn't seem to be all that willing to move up. Last year's increase gave you a massive buffer to feed yourself with.

Even if the price remains the same for decades, your buffer makes sure you won't lose any of your initial investment value in Bitcoin.
hero member
Activity: 2366
Merit: 594
Based on my experience that many families are feeling extreme financial stress because nowadays it's hard to find a stable job and a job with a big salary, and it's hard to earn money. Many families have a financial stress because they purchase too much they don't know how to budget their own money that's why it leads to financial stress.


I certainly agree with you. Financial stability and permanent source of income which is enough to sustain every family needs is a necessity for us to survive a without too much stress. Since all the value of our daily necessities are getting high each day, we should just have something to support our needs.
full member
Activity: 378
Merit: 100
As I see it, the reason would be the urge to buy things that are just not fit to their budget. People tend to be easily amazed by all of these new technologies that we can literally see everywhere, because of those, we feel the need for that thing even though we don’t really do, and because we can’t buy it, we feel disappointed and so on until we get stressed.
newbie
Activity: 126
Merit: 0
The financial pressure on Chinese families is very large. Many families in Beijing and Shanghai will have a hard time buying a set of 80 square meters without spending all their lives!
China's oil prices are the most expensive in the world! The per capita wages in China are very low!
full member
Activity: 392
Merit: 103
That price really got increase but i think thats not the main reason why families extremely financial stress. The main cause is no familiy planning.  child is need a huge money on them order to give them a good life. So what if you have 10 children then it cause extremely financial needed
newbie
Activity: 22
Merit: 0
The depth margin of countries has kept increasing from the 19th century through to the 21th century. It's becoming obvious  that governments don't have every solution to the economic woes people are facing currently. We have to shift from buying liabilities to buying assets in order to start solving our own problems. Every liability comes with an extra burden that plunges the family into economic woes later.
copper member
Activity: 79
Merit: 1
The best approach is to use your surplus money in crypto or forex and then increase the investment with the profit. If you ignore this fact and spend all your savings in trading, it can have fatal consequences.
full member
Activity: 672
Merit: 105
Increasingly, the world's population is demanding us to be qualified as life's competition gets tighter, it's hard to get a job to be the main factor why we become tense, stressful, because of the extreme economy.
member
Activity: 322
Merit: 12
First is the family primary needs such as; housing monthly amortization, the utilities bills like electric, water, telephone bills etc...the biggest expenses is the food consumption, groceries and other personal needs and of course insurances and education of the children, so imagine all of those things are your expenses everyday, it is stressful indeed.
newbie
Activity: 122
Merit: 0
Ha, so that is why we need currency without inflation, with a single issue, and without FRS Wink
newbie
Activity: 322
Merit: 0
Many families are feeling extreme financial stress because the prices are getting higher on the products. Also, many people don't have stabled jobes and this can be a big problem. Because of this families do not have a lot of money and they can't have financial freedom.
jr. member
Activity: 182
Merit: 1
WPP ENERGY - BACKED ASSET GREEN ENERGY TOKEN
Some of the reasons Why families are feeling extreme financial stress is because the way things are going generally. Inflation everywhere. Like in my country cost of living is high. People are going through so much stress due to low income and so many mouths to feed. There is not enough fiat in circulation and it's affecting the average families not to talk of those who are trying to live through a day. Bitcoin is what we need for all, no matter how it is, everyone must be involved.
sr. member
Activity: 714
Merit: 260
That's represents for United states but not the who world and i wish trumps dont only addressed those issues but to do actions so the people of US may feel less financial stresses..

In asia the most factor why people engaging in that problematic situation because of lack of stable job,or if having the salary isn't enough to make a normal living they are always short for spendings
hero member
Activity: 700
Merit: 553
it is very easy to say for my country - Turkey-  the big reason is inflation, %14-15 annual infleation and also unumplayment rate increasing day by day, and our local currency (TL) is very weak against dollar ( 1 usd = 4.6 TL) and every single people in my country is under financial stress.
sr. member
Activity: 700
Merit: 300
Hm, so what is the suggestion here, we should live life which is the normal one. I mean no more addiction of things which can get us into trouble both financial way and health related issues too. Article does say that those products are the most costly one and they take out more than 50% of our money. Its completely agreeable thing to me.

People should learn to avoid stuff which is really artificial and started due to extreme conditions of new era and new inventions in the whole thing. Its not real life but the insane cost to the life!
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