Topic: How is the cost of living in your country? - page 2. (Read 2021 times)

I think we're feeling the consequences, I mean, it's happening, we don't have to wait a few more years. And it may take another year or two for our economy to fully recover and enter a new growth phase.
Pandemic can be a terrible thing, no one wants it to happen, but during a pandemic, I still see many people who can make money and even get rich. In my country, many people risked their lives to trade medical items, and that year, they became rich quickly. It can be said that the pandemic and economic recession will kill many people and businesses, but it will also be an opportunity if someone knows how to take advantage of opportunities and dare to take risks.

I think almost every country has an increase in the price of goods, you could say that the average country has experienced this, including mine.

But for this one, it seems very expensive for only 2 kilos of chicken thighs, fruit, milk and a few pieces of bread.

Maybe i got lucky, for some of the food you mentioned above, i only spent $15 for it.

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I admit that since entering 2023, almost all the necessities of life, prices of goods have gone up, the unstable economy has made many businesses go out of business lately, we may only understand a few countries, you could say the cost of living is cheap.

I live in the 3rd world country, the cost of living depends on what situation you are currently in. The cost of living will be high for those people who has a job earning just a minimum wage because it is just $1.50 per hour but for those who are earning more of it like above $10 per hour then the cost of living for them is just small. Travelers from 1st world countries are often surprised because of the cheap products, items and services here in my country, it is because their income surpasses the usual income of my country.

I do not have any problem when it comes to my cost of living because I understand that I'm not doing my best if I struggle about it. The main solution for that kind of problem is to start thinking about how can you increase your current income. Try to read it and try to think every single day because the answer that you can get can help you to increase your income and overcome the high cost of living.

The cost of living is now very high in every part of the world. This expense has reached even higher levels as a result of the war in Russia and Ukraine over the year. In such a situation, no one can say that their living expenses are low. But since it depends on the location, its cost level will vary from place to place. Where I used to spend $170 to rent a flat now I spend around $240 and other groceries have rise up accordingly. All in all I need at least $500-600 in my area.

A global pandemic is like a severe illness for a single person. It affects the gastrointestinal tract, the respiratory system, the nervous system, leading to muscle degradation, metabolic disorders ... And such a disease cannot be cured with "one pill" and "in one day." Just as the body after a serious illness needs time to rehabilitate and restore all functions, so the world economy and the economy of each country need time, and this is not months ... Unfortunately, we will feel the "consequences" of this terrible pandemic for several more years.

And up until now we are still living the side effects of such pandemic. It is not that it cannot be solved, but it is just that it will take time for us to recover since it not only a single country who suffered such fate, there are also things to consider such aa businesses they need to recover. In short all of us are busy rebuilding our own economy, and it is not healthy for the economy to additionally print more money to aid the different sectors in the government. We might be happy that almost everything has resumed to where originally it is, but it's not coz during those times the people that permanently lost their jobs will try to seek new opportunities while adding the fact that the opportunities given are very limited to almost nothing.

Cost of living varies from one place to another, it also depends on the standard of living we are putting in for base on what we want and we must be reminded to cut our suite according to our size, we also need to learn how to manage resources, utilize them and plan for what we can afford base on the level of our income, then it is nit bad as well if we can afford to maneuver ourselves to engage in doing menial jobs as well to help support our financial and daily needs.

If you compare the price in First world country to third world for sure the third world country is the cheapest since base salary in US is big that is why we can say cheap but we base it in our country for sure it is very highe because our salary is not enough. We really need to adjust our spendings because if not you always got short and our salary is wouldn't more enough

There should be balance when it comes on increasing wages because we know that inflation isnt something that we cant be able to experience or encounter or something we do call inevitable thing.

If you are just an average wage earner then sooner or later you would be fucked up and would really struggle on living or on surviving this is why we should really be wise on finding other income
source and dont wait up for yourself to be ending up on that situation. Each country does have their own economic state but all of us do share up with the same target or wish
which is to have a good sustainable life where you could spend and save up accordingly.

The level of income is also affected by the availability of jobs with decent wages. If the level of wages is sufficient only for survival, then any level of inflation can deal a rather painful blow to the financial situation of most of the population (for example, if we take the budget, the level of wages when it is developed is sufficient only for migrants)

The high inflation rate will also make us have to adapt and adjust our spending for daily needs. Even on the one hand we also have to look for additional income so we can live comfortably without worrying about lack of money. It's like Nigeria and Indonesia have similarities in terms of prices for daily staples. that is, even here in Indonesia the prices of daily needs can still be considered cheap even though there have been many increases. but our income level can still compensate.

Unfortunately, inflation is a by-product of the social order. I will explain what I mean.
1. I do not take into account those countries where the government is either idiots or total corrupt officials. There inflation is a consequence of their "life activity"
2. I meant ordinary normal countries where there is an acceptable standard of living, and the government seeks to provide everyone with more or less comfortable conditions.
It is the social sphere or external or force majeure factors that always lead to the fact that the state begins to "print money". Otherwise, the lives of most citizens will immediately sink to the bottom. Let me clarify with an example - Pandemic Covid19. The economy "stopped", taxes fell, unemployment is huge. And the state has millions of people who have at least temporarily lost their jobs, their health ... How can we help them? Only money. Directly - by paying some kind of compensation or indirectly - through funds that distribute food, clothes, medications - manufacturers also cannot produce products for free.
At the same time, the government understands that when the economy stops, printing money = INFLATION. Yes, there is inflation without all these circumstances, but it is not so noticeable. And if you notice, talk about "unpleasant inflation" intensified precisely after the global pandemic, which brought huge economic problems to all countries.

It is manageable here although life hasn't been easy everywhere but at least nigeria is only country that does not require much expenditure or cost of living
It requires you to secure a job and then know how to manage your income by this you will not notice the difficulties that we face
High cost of living has been a global issue which we need to sort out. the cost of things is not balance and has been affecting how we buy things the way we associate socially

Inflation is now a deadly disease in almost every part of the world. Every country is now affected by this disease. As a result, the cost of living has increased less and more in all countries. Especially for those countries which are dependent on other countries i.e. dependent on imports, it is having a fatal effect. Moreover, rising fuel prices and high commodity prices in in every sectors are prolonging the recession.

I think most of us suffer by the high inflation rate and the cost of living is surely rising, all the needs like rise can goods gasoline for machinery and any other basic necessity is now very expensive, so i think most of the people are struggling except to those who are already rich and can afford everthing.

The cost of living in my County Pakistan varias depending on the city and lifestyle what you do. Overall it is relatively afford able compared to many diff countries in the world.

Even if it hurts if you put it that way, we don't have any choice since it is the reality we're facing right now. It's also true that it's not only few countries could feel the rising prices of all the goods, but the worse could be feel from countries having low economy. An example is my country, minimum wages are no longer sustainable specially if you have a family of three. This is why some families here started to find extra income by starting small businesses while some are doing side hustles even if both parents are working, it's no longer viable. Luckily there is no gender discrimination when it comes to work or jobs. With this I could literally say that the cost of living is already killing those who only wanted to survive.

Unfortunately, the cost of living has increased in almost all countries, and almost nowhere are there any real effective measures to solve the problem. The spontaneous increase in the retirement age can be viewed as an act of impotence, or stupidity.

I live in a third-world country so you can reckon that the cost of living here is relatively cheaper than everywhere else. What normally would cost $100+ in the States, we get here for cheaper, even as low as $2!
However, when things like inflation comes around it hits us hard like a truck, since a lower cost of living means even lower minimum wages for its employees. So it's pretty much like a double-edged sword. Prices are still comparatively low when compared against the rest of the world's but so is employee wages, especially for blue-collar work like construction and plumbing, where you'd see people getting paid as low as $5 per day's work of construction and stuff which is shitty.

I also come from a developing country. and actually I was born and come from an area where natural resources are very abundant. so that we take more vegetables and others from the garden that we plant ourselves. So the cost of living there is cheaper. but I have moved to an area closer to urban areas. so here I still have to buy all my basic needs. even vegetables and others have to buy from the market. and this is where I know how the price increase in the market continues to happen slowly. but the relative prices of vegetables and fruit always go down and up every season. but for other needs such as fuel, it continues to rise without decreasing again. Ah, I just remembered that the price of refined sugar and wheat also continues to increase at this time. but maybe the price here can still be said to be cheaper than in developed countries.