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Topic: Big Reasons Why Many Families Are Feeling Extreme Financial Stress - page 8. (Read 3069 times)

member
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For example in my country many and many people were suddenly facing a financial troubles becouse due to particular reasons, the dollar price in our rises three times, all the prices of everything rises three times, but salaries remain the same... Sad
hero member
Activity: 2576
Merit: 666
I don't take loans, ask for sig if I ever do.
There are many different reason why my families are really felt stress when it comes to financial. First of all I think the main problem to this is about the salary that they have in their job. Their salary are not fit to their daily needs it's really hard to budget their salary for 1 month and because of that they need to borrow some money to others so instead of having a savings they have now credits to others.  Small salary cost versus daily needs with high cost. This maybe the main problem of my family.
legendary
Activity: 2590
Merit: 3014
Welt Am Draht
For many first world countries it's the ever spiralling price of housing that puts the most pressure on people. It's slowly strangling society. Because of the cost of shelter people can't afford to own, move, rent in many a place or consider starting or running a family.

If that one necessity is effectively beyond reach for normal people then every other aspect of their life is crippled.

It's appalling how it's been permitted to get to this stage, but it is no doubt planned as part of the inevitable march towards the return of serfdom. The middle class is slowly fading away.
jr. member
Activity: 140
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Families are under financial stress due to poor handling of money brought about by lack of financial education. They don't know how to effectively pay off debts, they have no idea how to account their spendings, and most of the time, they spend more than the family can earn.
member
Activity: 322
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🚀🚀 ATHERO.IO 🚀🚀
The reason why many families are suffering extreme financial stresses , this is because the head of the family has no financial management in family ,considerd the primary needs the family needs and have advanced planning of the family income to aquire those needs without negative balance in the pocket, consider conserving the flow of money, not just spending things that are not of primary need if you do not have enough extra money.
full member
Activity: 1372
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Available for rent
Families are extreme financial stress because of the taxes they added in everything we need the food that we eat ,every things that we need in our daily life.Lack of job that every countries need and the poverty of our economy.The budget in the family does enough to sustained their needs.

I think people get in trouble because of lack of proper planning. Most of the people are casual and they start acting once the problem has become intense. A wiser approach is to be proactive and take strong decisions so as to avoid the financial problems like debt.
member
Activity: 322
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It is because of overspending. Some families tend to spend more than what they earn and worst they will be lead to lending. If all of the people will focus on saving money or saving income and spend less, they would not have any problem in the future though. If they have joined bitcoin a long time ago; then they would not be financially ill.
member
Activity: 249
Merit: 13
dApps Development Automation Platform
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I think the main reason Trump won the election was Trump being the only candidate willing to address these issues.

These types of points relating to state driven policy failure and wealth inequality, regularly fall outside the mainstream media talking points and the degree of knowledge one can obtain by exclusively following mainstream sources.

Every other politician I've seen would have swept these issues under a rug and feigned ignorance until the next recession.

I agree. Trump has two kind of voters:
a) Republicans that have never voted to other party and never will.
b) Lots of people that are tired of the system playing with their lives a giving nothing in exchange.

I don´t live in the US but it is a common phenomenon nowadays to have a shrinking middle class across the western world. There is a post in this same section saying that Capitalism has defeated other systems. It is true, it has, and Capitalism is particularly well known for creating inequality and divide and now it has no counterbalance.
newbie
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newbie
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I think the big cause of a family problem in life is the everyday needs of every single individual in the family especially if other members do not have bigger and larger families.especially one in the family is a big problem with the early marriage and no permanent work and are not ready to build the family.
member
Activity: 140
Merit: 10
full member
Activity: 224
Merit: 121
Families are extreme financial stress because of the taxes they added in everything we need the food that we eat ,every things that we need in our daily life.Lack of job that every countries need and the poverty of our economy.The budget in the family does enough to sustained their needs.
hero member
Activity: 1106
Merit: 637
I think the main reason Trump won the election was Trump being the only candidate willing to address these issues.

Every other politician I've seen would have swept these issues under a rug and feigned ignorance until the next recession.

What planet were visiting during the election campaign? Every candidate was talking about fiancial stress, stagnate wages, rising prices, week job market, etc.

Trump won the election because primary education is the greatest weakness or issue the United States has. More people would prefer to vote for a real estate tycoon with a lame TV show than a candidate that had sensible ideas and wasn't mired in the cloud of scandal!

Also, Americans appear to be afraid to vote for a 3rd party candidate. They see a vote for a 3rd party as a "wasted vote"...so silly. They vote for the same flawed platforms and keep expecting different or better results!
hero member
Activity: 1065
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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.
Families are feeling extreme financial stress because of the price of the products that is increasing everyday. They are extremely financial stress because they do not know how to budget their daily allowances or budget. Another reason is when they do not have a lot of money to do what they want or to go where they want. Because of lacking of money, they are more financial stress. They are thinking of when they are going to buy what they want in life.
This is always been part of the reality on which status on life of each family is not really equal at all which it turns out that there would be families that do really have financial problems or stress on their daily living since not all are rich or sufficient enough when it comes to financial which there would be always who are experiencing shortage.This is a common or global problem and the thing we should do is we do know on how to budget our funds and do set priorities first and find the best ways that we can earn more extra money.
member
Activity: 116
Merit: 10
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.
Families are feeling extreme financial stress because of the price of the products that is increasing everyday. They are extremely financial stress because they do not know how to budget their daily allowances or budget. Another reason is when they do not have a lot of money to do what they want or to go where they want. Because of lacking of money, they are more financial stress. They are thinking of when they are going to buy what they want in life.
hero member
Activity: 490
Merit: 520
It's getting harder for anyone to earn money and get on a decent wage and still maintain a family because wages are being depressed (by a specific group of people) and there are more and more people in the workforce now than ever, along with ass-backward fiscal decisions.
It's brutal, will only get more brutal, and you gotta look beyond blaming the 1% for that. Look at the (1%) of the 1%
There are many very key things to know when it comes to why your money is worth less and less. All you need to do is know why it happens. Once you know that and you know (who) does it, and what the entire plan is, then you are more aware.
Keep in mind the initial goal is to get the average person relying on the state.
legendary
Activity: 2562
Merit: 1441
Yes ok. Maybe the americans are getting poorer by every day. But that definatly doesn't explain why their expenses does not meet their incomes. The only thing that can explain this is that they have a huge debt per person and it is the debt that is cutting their incomes. There is no other explanation outside of lying to themselfs about how rich they are. Thats the second explanation.

Over the last few decades, CEO's have received all the pay raises which historically went to the poor to middle class.

CEO's are paid as much as $10,000 an hour, while minimum wage is around $7 an hour.

Realistically, CEO salary should probably be $100-$400 an hour and the excess should go to regular workers.

That's the reason for the disproportionate income versus expenses.

The media *spins* it into a "racism issue" to mislead the world into believing its about skin color and not money.

So that the poor and impoverished blame "white people" instead of blaming CEO's and others whose greed ruin things for everyone.
hero member
Activity: 560
Merit: 500
You should add that in the article you are reffering to, all comes down to an american families. The sittuation in different countries are different to eachother.


For example in Poland where I live people have a much lower funds compared to the Usa. When an average american family would have to live by the polish standards they would think that they are living way below the poverty level. And believe me that its possible to live here without a debt. Ofcourse there are a lot of people that are in debt, don't get me wrong. Its all a matter of perspective

Its all about the expenses of a person in measuring how well off someones is. People that win the lotteries tickets usualy ends up with a debt after all. Its a fact. Your expenses depends on how rich you think you are. Its the problem of americans and their media that lies to them about their financial sittuation.

Yes ok. Maybe the americans are getting poorer by every day. But that definatly doesn't explain why their expenses does not meet their incomes. The only thing that can explain this is that they have a huge debt per person and it is the debt that is cutting their incomes. There is no other explanation outside of lying to themselfs about how rich they are. Thats the second explanation.
legendary
Activity: 1232
Merit: 1000
It's pretty much already explained in the article. Inflation every year, price of goods keep rising but the wages is stagnant or increase but can't keep up with the inflation. Families must be smart to address this, either they search for another income, change their lifestyle or move somewhere else with lower cost of living. If you want to live in big city, then you must bear with the stress if you do nothing to address it. It's not only in us, my country is the same as the wage barely or sometimes can't cover the living cost.

In democracies, they also have another choice - vote for parties which can keep inflation down. Unfortunately, economic issues don't occupy centre stage in elections. They get lost in the noise.
legendary
Activity: 3010
Merit: 1028
Leading Crypto Sports Betting & Casino Platform
These days the living expenses were quite high around the world due to globalisation. The price hike has been found high for life requirements, at the same the income hasn't increased much. The taxes too have made a big loss for the earning community.
That's right, people need to work harder and spend the large portion of their times for working for the sake of fulfilling their daily expenses. As I've seen, for now, families with middle to low income have to work really hard and even make them too tired, some people might say that to be a rich person, you'll need to work really hard but this is actually wrong, people just don't only need to work hard but use their brain to make their income bigger. That's all the negative effects of globalisation and of course, there's existed the positive effects of globalisation.
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