Topic: Everything is over priced but people keep spending - page 3. (Read 1816 times)

It's true, if what goes up are basic or basic needs then what we have to do is buy them because as you said, in order to survive and survive, like it or not, we have to be able to buy them. when prices rise, it is the poor who will be confused, they may lack basic needs and they have to do whatever they can to meet their needs, it is impossible for them to just keep quiet, while they need food or other necessities to survive.

Also, basically everyone wants financial freedom, therefore everyone must work hard to fulfill their needs, including the desires of those who want their life to be complete. maybe the price increase for people who have a lot of income or money will not be a big problem, because they have enough finances so that whatever is sufficient, but what you say is true, this will be a burden on the minds of middle to lower class people, they will be confused when Their finances are unstable and prices increase, but they will not be able to avoid it. They still have to do whatever they can to meet their needs even though there is a price increase.

Correct. In fact, they buy basic necessities even though prices are rising because they have no other choice to survive. To overcome all that, we have to have additional income, and maybe we can help by starting to live a frugal life. So don't buy things that are not really needed or are consumptive in nature.

Apart from that, another best way is for the Government to ensure appropriate subsidies for the poor and a mechanism for distributing basic food subsidies and cash assistance. Because people's basic needs are basic needs. If basic needs are guaranteed, people's monthly expenses can be diverted to other things, such as savings and investments.

What you say is correct, we cannot avoid basic needs which have price increases, when our needs are basically basic needs then we have to be able to balance them, like it or not we have to be able to balance them. whether we have to have more income, like looking for more work or something, because of course we have to buy necessities even though the price is high because to survive we have to be able to buy them, that's with basic necessities like food. and in my opinion, in whatever times, saving is still important.

I agree with you, having a small or large salary is not a problem, because the important thing is that we must be able to manage our finances well, including the salary we get. if we can manage it well then everything will be fine,  adjusting our income to what we want is a must, because there are people who have a small income or salary but they always think about their desires, actually that's not wrong because I myself always do it. That's because I consider it self-appreciation. but if we continue to prioritize what we want then that is not good, we have to be able to adjust everything well.

The cost of living now in the whole world is really increasing almost every day. Here, my son and I are the only two in a day that I spend the whole day for our food, which is about 5–6 dollars a day for me and my son. Sometimes the unexpected expenses like food are not there yet, and the others are not.

I didn't see that the prices all went down; almost all of them really loved each other, although some vegetables went down and others went up. But even though things happen like that, most people still become spendthrifts, even though the things they buy are not that important.

A simple question for the OP is what is the purpose of work? All answers will lead to a point where needs are things that must be met regardless of whether the price is expensive, very expensive or very unaffordable. If we work, we will still get an average salary according to rising or falling inflation and it will continue to correlate with the prices of the goods we buy. Everyone has different purchasing criteria if it is not suitable to buy at an expensive price, there are still other cheaper options. It's all just a matter of taste but as I said above, we will do whatever we can and meet our needs to survive.

It is frustrating and disheartening to see the cost of living continue to rise, making it harder for individuals to save or invest for the future. The increasing expenses, particularly in basic necessities like food and housing, can put a strain on individuals and families, often leaving little room for discretionary spending or savings.

The disparity between income levels and the rising cost of goods and services can contribute to financial stress and make it challenging for many people to achieve financial stability or security. It can feel like a constant struggle to make ends meet and meet the demands of everyday life.

In such situations, it is important to prioritize budgeting, saving where possible, and looking for ways to increase income or reduce expenses. It may also be helpful to seek out financial resources and assistance, such as financial planning services or budgeting tools, to help manage finances more effectively

Everything is overpriced but people don't work for the same salary too, at least in my country salaries have significantly gone up and I really live in a poor country. Things, especially food and rent started rising because too many Russians and Ukrainians flew to my country. While there are still many people who didn't experience salary increases and it's also true that absolutely everything in my country is ridiculously overpriced, people still spend money because they have no other choice. Many of them live paycheck-to-paycheck and almost everyone around me has a loan from a bank. That's how they live, take loan, pay loan, take loan, go in pawnshop, leave jewelry to pay bank loan, then take a loan from friend to pay pawnshop, then bank loan and that's the circle many people live in. You have to afford expensive food, there is no other choice.

Mostly in Africa cost of living is not something to discuss, it is so disheartening, inflation has death with most west Africa countries to the extent that they have run out of ideas on how to manage the situation, things keep increasing daily, just imagine a friend went to buy noodles for his family he bought at a particular price but went back to buy the noodles in two days time they told him that the noodles is now times two of what he bought the other day, he taught that they are joking after severally argument and deliberations with the sellers he finally bought because there is nothing he could do in such situation, just imagine what people are going through in other to survive and the government is busy doing noting to savage the situation, food is suppose to be the priority of the government to make available for the people on a subsidized rate but the case is different, food items keeps skyrocketing with plans of curbing it, it is high time the government work with production company to help the populace out of this unwanted situation.

It is not surprising when we see that the prices of goods continue to rise uncontrollably and the average person's source of income is still the same as when goods had not risen. The issue of food is a necessity and that means it must be met properly even though the price is rising so quickly. In fact, I see it is more affordable to make food at home compared to eating at a restaurant at this time. I have three children and on average we spend $4 for one meal and that's if we cook it ourselves at home by buying basic necessities once every two days. The amount can change depending on the food menu we want to cook and I think we save more if we cook it ourselves compared to buying ready-to-eat food at a restaurant.

Conditions of economic hardship are felt by many people in many parts of the world and many people are even unable to invest or save in these conditions. Our lives are still quite fortunate compared to other people because up to now we are still able to provide for our family's needs and the rest we save and invest.

Changes occurs regularly in life and those are successful who understand well that needs and wants should be change according to situations. We cannot avoid our needs during inflation but we can minimizes out wishes and wants when we feel that now saving is compulsory than spending without care.

Having large or small salary doesn't matters but spending with care matters a lot therefore don't worry about having low income as if you are able to spend money on just useful things then you can save some amount even in small salary.

Everyone will do anything to fulfill their basic needs, so no matter how much prices increase, they will still buy them for survival.
That's a natural thing and indeed every human being is like that, regarding hard work and ways to get money to meet all needs which continue to increase, everyone has their own way and it must be admitted that for the lower middle class it will be difficult.

Inflation is inevitable and year by year we do have such increase not only on goods but also in services offered on which if you are someone who is really just that earning steadily over the years then you would really be able to feel up such increase because once you do have that kind of shortage or overdropped into your salary then this is where you would really be realizing that situations gotten more worst.
When it comes to spending then it would really be normal that there would really be those moments or times that we would be spending up on more that that we can actually afford but its just fine
as long it would really be that permanent because there are really moments or times that it would really be something a practical option rather than on cooking or whatever they would
really be tending to do.

At the beginning of the price increase due to the impact of inflation, many people actually complained about all this. It's just that as time goes by everyone starts to get used to these high prices. And yes, there are fewer complaints because everyone is tired of complaining. So all they can do is work harder and try to make more money. Usually nowadays everyone is trying to get additional income from side businesses or part-time work. Because if we only rely on the original salary from the company where we work then of course most of us will not be able to set aside money to save and invest. The solution is just to get additional income. Because hoping that prices will return to normal like before doesn't feel like it will happen. Because every price that goes up rarely goes down again if it is in the traditional market. Except when it comes to vegetables and fruit.

Spending actually depends on the need. Now if you want a thing and it is absolutely necessary for you then you are bound to buy it regardless of the cost. It is accepted that the prices of all commodities in other countries including food prices have skyrocketed and I don't think these commodity prices will go down anytime soon. Those who are middle class actually find it very difficult to spend a whole month comfortably just in terms of making ends meet. But in order to avoid this we should not worry about this but we should increase the amount of employment and we should move forward by making money by using these two things, hard work and skill in multiple places. Otherwise it will be difficult for us to survive well.

This is a condition that is very forced on them because if they don't do something like that, it might be difficult for them to survive in such conditions. Even though it is quite a sad thing for them, when they have no other way to find food to survive, something like that is part of their compulsion to do it. But I want to know what Asian country you mean?

What ridiculous war do you mean by that? Because every government that is currently governing their respective countries is still doing the best for their own countries even though inflation is still occurring because it is not easy to eradicate quickly at one time. So everyone needs to know where the roots are so that they can provide more appropriate solutions to deal with the things you mean, because it will be difficult for anyone to handle anything if we don't know the origins of the problems that are happening.

Everyone has long had to acquire many skills for the sake of their own future because now there are many ways that everyone can use to make their future brighter. For example, through investing in Bitcoin and others, it is quite clear that investors are now making more profits through their respective investments. Especially through Bitcoin which has continued to move sharply since last year until now and those who take advantage of this opportunity, for now they are sure to make a profit.

So true. The solution to dealing with economic inflation is that we have to hone our abilities and improve the new skills we have because this is the best way so that we can be more successful in dealing with inflation. Skills will be very useful, when we are looking for new additional job opportunities or want to increase our income so we can invest in bitcoin, gold, etc. Because without investment, of course we have no future in terms of finances. In this era where everything is expensive, relying on just one income is certainly very difficult, especially since everything is expensive, like it or not, we have to buy it because it is a necessity. So what OP said is true, our income is only for daily needs, investing alone is not enough.

We all must improve our skills and abilities when facing current developments and economic inflation that may continue to occur. For this reason, we must cultivate a dynamic personality, always want to continue to develop, and adapt to the times.

Definately acquiring different skills is the only solution to this economic inflation. Those who don't have multiple skill are stick to the little one they have and of which that one is not even given them as much as they deserve. The more we learn more skill and creat multiple means of income the better for us. I could remember when I only had one means of income It was hard for me but when I realised that the key to success in an inflated economy is to have multiple means income I restrategised myself and the level of economic inflation is no longer affecting me as much as before.

We humans will always find a way to survive during the war in Asia they were relegated to eating weird insects and animals to survive now most of those rodents that were eaten during the wars are now served as nice dishes in Asia, we result to any means to survive.

To complain does nothing to any problem, our various governments are busy fighting proxy wars between themselves than to distinguish the big elephant in the room, which is the current inflation striking the global economy most of them are caused by these silly wars.

I believe the best way out for the low class is to acquire as many skills as possible, which will create different sources of incomes giving us the possibility of investing in opportunities like Bitcoin, save us from this impending crisis and prepare us for the future we deserve.

Yes, the fast rate of inflation has thrown the economy into disarray. People are very confused about the current problems and they seem to be facing it themselves without the presence of the government to maintain the stability of prices of goods. I can just imagine what life is like for people in urban areas where everything has to be bought and with wages that are also quite minimal, it is really very difficult to live like that. Meanwhile, people in rural areas may have little space for farming to meet their basic needs so they do not feel a significant impact. So how long will conditions like this occur? Society certainly does not have the capacity but there must be government efforts to always look after its people.

Supply should adjust to greater pricing unless the value is lacking also, the ability to create more of each crop required should be possible if the money justifies that course.   The main deal with food and commodities overall is the spike in demand short term which is where nobody can meet the amount of supply required for that demand, often that occurs with a poor harvest like Chocolate has this effect currently I think.