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Topic: Everybody is very rich look the prices of everything - page 4. (Read 926 times)

legendary
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High prices don't necessarily show that people are rich. Sometimes high-income countries do have high prices, but those prices are high for visitors, whereas compared to average salaries in those countries, the prices are actually good. However, sometimes a low-income country can have high prices, even though people don't have sufficient purchasing power to justify those prices. It can be a result of an inflation spike and the salaries not getting adjusted to it, or because of some sort of crisis leading to supply chain issues. If enough people can purchase something because they truly need it (even if the cost is very high for them), the prices can remain at that level, unless regulations are imposed or measures are introduced to adjust salaries.
hero member
Activity: 1722
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The prices in the world show's exacly that people are very rich.
If nobody can't afford paying those prices then prices will fall If prices are so high it means people can afford.
But it's shame that anyone tell they don't have money to spend or buy expensive things becouse high prices show's what's the new Normal.
New Normal is WEALTH look at the rent prices even not good locations ...lol  they are extremly expensive.
Everything show's that people are very rich and all have good jobs and a lot money in bank accounts.
Having money we can order others easily but when we don't have money any advice we give will never be listened to by others. This phenomenon occurs in villages and rich people will always be advisors for problems even though sometimes they are not much better than people who don't have money. Regarding buying expensive and luxurious goods, it really depends on each individual who has money and sometimes they don't buy because they think it will be wasteful so that the money they have is not productive. Some other people see opportunities when buying expensive goods that have good selling value as one of the items that are hunted.

The level of efficiency depends on opportunities and why rich people can double their money because they understand how. For example, you buy an antique motorbike and if its value increases it will be a fairly promising asset because the product is rare on the market. Living in this world requires clever management, especially regarding the level of productivity to make money.
sr. member
Activity: 854
Merit: 327
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The prices in the world show's exacly that people are very rich.
If nobody can't afford paying those prices then prices will fall If prices are so high it means people can afford.
Wealth is not equally distributed in the society, and as there are persons who can afford the expensive things these days, there are others to whom their standard of living is massively reducing. There is the rich, the middle class and the poor. The rich are able to keep up with the increasing price of things, although they are still threatened by the worsening economy. The middle class are the majority of people who you see mostly, and they are struggling to really afford all these bills that are becoming more expensive, and they are collecting loans to meet up. They are being affected by the harsh economy. The poor have already been affected.

If the prices of things continue to increase, and the economy continue to toughen up, the number of persons who will be able to afford expensive things will be reducing.
hero member
Activity: 1792
Merit: 534
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Quote
Everybody is very rich look the prices of everything

Commodity prices have increased many times compared to many years ago and the fact that people can still afford to buy does not mean they are very rich but simply because people are trying to survive. Furthermore, you also need to take into account inflation as well as the amount of money the government prints every day and you will see that people are not rich. Commodities increase in price and people spend large sums of money to buy them, not because everybody is becoming rich but because money is losing value.

member
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https://blogs.worldbank.org/en/opendata/march-2023-global-poverty-update-world-bank-challenge-estimating-poverty-pandemic
Bro not everyone is rich, just that everyone is trying their possible best to survive. The world today has no consideration for the common man the world today is becoming survival of the fittest. Nobody would want to die right? even the common man will try to meet up because the poor, these days no longer have voice of justice to speak for the economy situation. The current world is the world of the rich, a world of slavery,a world of injustice all these attributes are for the common man
If everyone was rich then have you taught of the beggars on the streets, yeah they eat but not as the rich, remember survival of the fittest all must find a way out.
legendary
Activity: 3304
Merit: 1617
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I don’t think everybody is rich at all, quite the opposite in fact. I think inflation has run wild, the cost of things has risen dramatically & we are witnessing an unprecedented cost of living crisis. Personal debt levels are higher than ever, people are struggling just to do the basics.
hero member
Activity: 3164
Merit: 675
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The prices in the world show's exacly that people are very rich.
If nobody can't afford paying those prices then prices will fall If prices are so high it means people can afford.
But it's shame that anyone tell they don't have money to spend or buy expensive things becouse high prices show's what's the new Normal.
New Normal is WEALTH look at the rent prices even not good locations ...lol  they are extremly expensive.
Everything show's that people are very rich and all have good jobs and a lot money in bank accounts.

The new Normal is to be very wealthy and it's shame to tell others you don't have money nobody don't belive you they think you joking becouse it's impossible to live in this world like this If you don't have money.
I am not fully convinced here, still.. yes, there are rich people in the world, but the whole world is not rich, and the reason why things are expensive and keep getting expensive is that those selling those things know there will be someone who will pay the price they are asking for, so they don't need to lower it for someone who cannot afford it. That doesn't mean all are rich and this is why things are so expensive.

It's not normal to be wealthy, however, I do agree that you can't live a quality life in today's world if you don't have enough money. This is the reason why everyone is striving to earn more money over time because they know the demands of the time and that everything needs money these days. If you have a look around the world, there are places where people don't get to eat a full meal twice a day, I don't think we can call the world rich while having these things around.
hero member
Activity: 2954
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Just because some people can afford expensive things doesn't mean everyone is rich, those luxurious or branded items usually target middle class to high class, the lower class settle with something that's less expensive.

maybe you are seeing in developed countries everyone is wearing adidas and nike sneakers but try to look into poorer country only very few people actually afford that and usually it's the shoes coming from small business which are significantly cheaper than the branded ones that got huge market share.

so your statement is not true, the entire thing about creating perception based on the price of goods are flawed anyway, you want to determine wealth you look at GDP per capita, PPP and minimum wages.
hero member
Activity: 1694
Merit: 691
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Going through the OP's post history I can understand where they are coming from.

But I dont agree with what the OP has to say, being rich or poor you have to set a standard to compare and being able to buy something expensive is the yardstick for measuring someone's riches at all times.

House rent might have gone up, you have to deal with it. Landlords have to cope up with the post-COVID situation and inflation. Things will get better but one should continue working for a better living. It is not like they all have any choice.
I also disagree with the concept of thinking, so see wealth from what they can buy, when not necessarily the financial situation is very good, someone's wealth can not be seen from simple calculations like that.

To be honest, there is no relationship between price increases on goods or services or whatever it is about wealth, someone insists on buying it because he needs it does not mean he is rich and can buy anything with his money, in fact the more the price of goods rises the economic turnover decreases which will make a person much more suffer because his finances are easily depleted due to rising prices of goods.
legendary
Activity: 2408
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The prices in the world show's exacly that people are very rich.
If nobody can't afford paying those prices then prices will fall If prices are so high it means people can afford.
But it's shame that anyone tell they don't have money to spend or buy expensive things because high prices show's what's the new Normal.

I think what is happening is that everybody knows inflation is on the rise and there's nothing anybody can do about it but just to keep buying the over expensive items. The cost of producing this items are increasing and inflation isn't helping matters. If you don't buy them, you can't survive or you have to look for alternative and they aren't always nice so people don't have choices but to buy. I don't believe we are all rich but we are becoming poorer, there are many peoples that can't afford those food items anymore and just a few percentages are able to live healthy by affording the overpriced items.

Quote
The new Normal is to be very wealthy and it's shame to tell others you don't have money nobody don't belive you they think you joking becouse it's impossible to live in this world like this If you don't have money.

People are working multiple jobs just to be able to afford the normal necessity that we need to survive. Before, the working of multiple jobs was to have enough sources of income to increase our savings but the tables are turned. I don't see anybody without atleast two jobs anymore, everybody is working extra and there's no time for socializing anymore. The world is becoming a horrible place to live and people are doing all sought of illegal things just to survive. People just don't have much options and it is not like they are happy paying the high price for items that were less expensive before.
hero member
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When someone isn't sure what to post then that person come with posts that hold no value and same is true in the case of OP.

This topic is totally a crap and holds no value at all. He's basically saying everyone is rich but hasn't yet seen that how people in low wage countries are spending their lives.

OP should visit some of the poorest countries to understand that every body isn't rich, I know he's referring to middle-class people as rich but he doesn't know exactly about the poverty line.
sr. member
Activity: 714
Merit: 353
The prices in the world show's exactly that people are very rich.
If nobody can't afford paying those prices, then prices will fall If prices are so high it means people can afford.
But it's shame that anyone tell they don't have money to spend or buy expensive things because high prices show's what's the new Normal.


The thing is that just because rich people are able to afford something, that does not mean everybody can afford it. The poor will still complain that there is no money, so that is not a big deal. The best thing is that when you see someone buy something, you should also hustle hard and get that thing if it is going to be useful for you. However, just because people are buying something at a high price doesn't mean everybody can afford it. Somethings are what we need to get in our daily lives, so regardless of the price, we must get that thing.


But it's shame that anyone tell they don't have money to spend or buy expensive things because high prices show's what's the new Normal.

shame?  why?  It's normal if people complain about money because they don't have it. If someone is able to buy something, that doesn't mean that person is rich, but you see those expensive things. Sometimes we need them in our lives. There are things that if we do have them, life won't go as smoothly as we want, so we just have to buy them. 
sr. member
Activity: 686
Merit: 332
The fact that everything is expensive doesn't mean that people have money, it just means that more people are suffering. Things are expensive also doesn't mean the common man won't find a way to survive. When things are expensive it means there is inflation and when there is inflation it means the money in people's pockets can't afford the things it used to.
For example, young people of today are making more money than their parents made at their age, but they can't use that money to do half the things their parents can do at that age. Things are very difficult for people. People now have to work more jobs in other to be able to afford basic things like rent and food, it wasn't like that before.
sr. member
Activity: 490
Merit: 346
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Nobody really don't have any money, except very lazy minded people, it's just that people have learned to live within their means in order to make ends meet.

It's not a shame to admit your broke and ask for help, where the real problem lies is what you're asking help for. I feel asking for help to feed yourself it's mostly overlooked by people, but doing the same to finance a very productive project with a well detailed action plan would really attract investors.

People have money, but they want to spend it on something productive and profitable, not throwing it around unnecessarily or prioritizing wants over needs, times are hard and everyone have learned to be good economists.
hero member
Activity: 3024
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The prices in the world show's exacly that people are very rich.
If nobody can't afford paying those prices then prices will fall If prices are so high it means people can afford.
But it's shame that anyone tell they don't have money to spend or buy expensive things becouse high prices show's what's the new Normal.
New Normal is WEALTH look at the rent prices even not good locations ...lol  they are extremly expensive.
Everything show's that people are very rich and all have good jobs and a lot money in bank accounts.

The new Normal is to be very wealthy and it's shame to tell others you don't have money nobody don't belive you they think you joking becouse it's impossible to live in this world like this If you don't have money.

Finally the world is rich
That term new normal, I had almost forgotten that and always heard it from the news. But that's a fact with this new normal, things have been expensive and no longer cheap. If they are still cheap, I guess it's from those countries that are self-sustaining and don't need the world for specific products that they own and manufacture. I don't think that we'll ever go back to the pre-pandemic prices of the goods that we have. It's always about the supply and demand and that's how the prices have gone up. Maybe, there's a slight chance that we'd see things to be cheap again when the demand becomes lower, it varies from each surviving individual.
legendary
Activity: 1050
Merit: 1100
The prices in the world show's exacly that people are very rich.
If nobody can't afford paying those prices then prices will fall If prices are so high it means people can afford.
But it's shame that anyone tell they don't have money to spend or buy expensive things becouse high prices show's what's the new Normal.
New Normal is WEALTH look at the rent prices even not good locations ...lol  they are extremly expensive.
Everything show's that people are very rich and all have good jobs and a lot money in bank accounts.

The new Normal is to be very wealthy and it's shame to tell others you don't have money nobody don't belive you they think you joking becouse it's impossible to live in this world like this If you don't have money.

Finally the world is rich

You are speaking based on your own experience. In my country people are starving because they cannot afford food. The high cost of goods has made people's earnings worthless, and they are finding it difficult to survive. Only the rich in the society can afford the luxury they desire. Some of them are politicians, business executives, or high-ranking staff in multinationals. But for the average salary earner life has become very tough. These days, it is common to see people doing odd jobs, relocating to rural areas, or doing petty business just to ensure that they survive. Your assumption that the world is rich is faulty because even those people you think are still buying expensive items might be in deep debt. So when people tell you they don't have money, believe them because they are not lying.
legendary
Activity: 2898
Merit: 1253
So anyway, I applied as a merit source :)
Going through the OP's post history I can understand where they are coming from.

But I dont agree with what the OP has to say, being rich or poor you have to set a standard to compare and being able to buy something expensive is the yardstick for measuring someone's riches at all times.

House rent might have gone up, you have to deal with it. Landlords have to cope up with the post-COVID situation and inflation. Things will get better but one should continue working for a better living. It is not like they all have any choice.
legendary
Activity: 1708
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If you are a practical person that you value too much your money and spend all of those in the things you just barely needed you don't need to worry with this but today there's a lot of people keep buying expensive things because they don't want to call as poor or cant afford those luxuries things and also they just want to flex that matter but in the long term its just a liabilities some of their items bought they cant use at all or just a one time use and can be a waste of money. I came from a poor country every money drops is valuable so I wont spend those much money just to look rich.
hero member
Activity: 826
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The prices in the world show's exacly that people are very rich.
If nobody can't afford paying those prices then prices will fall If prices are so high it means people can afford.
But it's shame that anyone tell they don't have money to spend or buy expensive things becouse high prices show's what's the new Normal.
New Normal is WEALTH look at the rent prices even not good locations ...lol  they are extremly expensive.
Everything show's that people are very rich and all have good jobs and a lot money in bank accounts.

Finally the world is rich
You're just being sarcastic in your whole narration, the world is divided financially and will remain like that forever. There exist the rich, the average and the poor, although it could be further divided to make it reflect the true living standard of people, notwithstanding, this is the division that could be basic for understanding it. Many people can not afford a single quality meal in a day and you are saying the world is rich? While some people can conveniently feed 5,000 people daily, how even is that?

This shows the high level of financial imbalance in the world and more reason why the rich are becoming richer and the poor people are becoming poorer. Many factors contribute to this which could be the country, the environment within the country, inheritance, natural talent and creativity among other factors.

You can see that we are not equally blessed both by nature and by the family/clime we found ourselves, and so is our affordability of needs and wants (living standard).
legendary
Activity: 1932
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I agree with the OP to some extent, as I have witnessed too how prices for everything keep rising in my country, and people keep buying the same things no matter the price. I'm very critical in this matter and stopped buying some things, or buy less, but although people complaints, many haven't changed their lifestyle. Specially the younger generations: they prefer to keep their debt alive forever but own a good car, spend in expensive holidays,  consume brands, etc.
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