Topic: i was right people have no more money (Read 344 times)

I don't really think people do not have money left right now just because of the videos. While it could be true to some people who are living paycheck to paycheck or just having side hustles that are just enough to sustain their needs, I believe people aren't in the same scenario all at once. It would be nice if your claims would he backed up by evidences such as survey involving large population with lower, middle, andd upper bracket of the society are all present. That way you could have a support to your claims and it would not just be pure assumptions based on an unacceptable proof such as youtube video.

I think people just learned their lesson to prioritize what they need the most instead of spending it over luxurious items that just want and isn't really a necessity. People are holding themselves back from buying and making unnecessary expenses that could cost their budget to be misaligned. Although there are still few people who can afford such, but the majority are doing their best to save and just buy what they need to survive the daily basis given the pandemic situation that we are still in. Those countries who are able to bounce back are considered to be lucky ones because they can now move at ease and without restrictions unlike in some countries that are still stuck in lockdowns and quarantines.

When there is a shortage there is a deficit of something, and you can't have a deficit without a demand.
There would be no chip shortage in the first place if poeple would be too broke to buy cars, but since they do you have this shortage.

And there is more about this:

The data is from 2021, work from home started in 2020, it would make little sense to have a growth on growth when the things went down from complete lockdown to restrictions, at least from Europe's point of view.


Indeed, some or even a lot we can say have difficulties, but it's not like everyone is out of money.
But the author only sees doom and gloom, repeating the same narrative for years and his predictions are just as useless as two years ago

You have mixed things up a bit, sorry.
* The cars are delivered so late not because there are so many buyers, no. It's because the semiconductors shortage.
* The PC, laptops (and even tablets) sales have grown hugely in the last year(s) because people switched to working from home, kids are doing school from home

But yes, the prices are up. Some still buy basically all the crap, some are going out like crazy (you're so right about holidays and the cars on the streets - especially as gasoline prices are sky high), some others have difficulties in buying enough food or paying the gas and electricity bills.

Yeah poeple have no money
- tried to book two weeks ago a weekend for a ski escape, couldn't find a room, had to postpone it by a week
- tried to get seats for Spiderman, surprise, no way to get four seats next to each other during the weekend
- my cousin went to our local Skoda dealership, delivery his car was September, went to check out offers at Hyundai, came back 
- poeple might have switched to fully electric cars as the traffic was nuts even compared to pre-pandemic levels, where do they get the gas if they are all broke
- Apple sales 9% more iPhones, laptops, and PC grew by 14.8%, yeah, poeple don't have money

But, but, but prices are up, exactly prices are up because poeple are still buying that stuff if poeple wouldn't afford the stuff they would stop buying and the manufacturer would either lowe prices or go bankrupt. Yet, no such thing is happening!

Actually, the life of rural people is a little better than in cities, but not quite. A little better cause they get everything fundamental needs at a cheap price.

If people living in rural areas go to the city, they think their life will be better, so they migrated there. But is their life journey any better? Not at all. 
Because they don't get a chance to make their life better. on the contrary, they tend to be the surface of rising commodity prices.

When it comes to rural life. The problem of rising commodity prices in the village does not have to be faced much because agriculture is the main livelihood there, they get their daily food from their agricultural land.
On this, the children of this side do not see the light of education. In fact, the life of these marginalized people is not good anywhere.

The price of everything is rising in such a way that people have no money left to buy things.

It is indeed inflation. Technically the $500 you have in your bank account is still $500 but actually the value is now somewhat smaller.  You still "have" money but whether you can do anything with it is a different question.

Reminded me of a post somewhere showing several bundles of bolivars besides a single cup of coffee it managed to buy. Whenever they make the money printers go brrr, they are basically stealing your money. You still "have" money but whether you can do anything with it is a different question.

the category of not having money is supposed to be, can't buy luxury items anymore and only enough to eat, but I
a price increase of up to 40% is a very severe inflation, it is a food commodity, how about gas and its supporters?

but inflation only affects the poor, not the rich, they go up by 100% I don't think it's a problem, it's different from me, the people who can't afford a 5% increase, have been thinking for a long time how to meet that need every day

You were partly right. It's a very important nuance.
Many don't feel this in their pockets. Some not yet and some will never be.
Generalization is a big trap, don't fall into it.

@lienfaye, that's what exactly I told before. Rich people are getting richer day by day while those who are poor are not able to improve their standard of living even after hundreds of attempts.

This is not to say that people do not have money in their hands, but it should be said that some people are getting richer day by day by hoarding money and resources but a large section of the population is struggling to maintain their daily life.

Corruption has bound everyone. Everyone is preoccupied with their own interests. Nobody cares about others. The main goal of those who have enough money is to grab more money.
Commodity prices are also rising, but those who are producing these products are not able to make a profit. Not getting the right price, Brokers are taking advantage.

In countries like India and Bangladesh, it is difficult to get a job despite having enough educational qualifications. As a result, the youth society fell into despair.

If it continues like this, the world will soon face a terrible problem, you know!

I can see the little recovery for many countries and people. And that's why if he's saying that people don't have money left anymore, he's wrong with it.

A lot of grind and hustle and bustle has been made just for everyone to survive.

This has shown how flexible many of us are but sad for those that didn't make it. 

Normal thing for people to say since many don't want to tell everybody that they have money since they might be at risk knowing how hot the money is. But in terms of inflation maybe many people will get affected but lets accept the fact that this is normal in our economy so rising up the prices of goods over the years is not avoidable so the one we hope for this is government take action towards this issues.

There is never a time that they will not say people don’t have money. This is something that is being said all the time, but at the end you will still discover that people have money to invest in so many things and also in their business. They keep saying that people do not have money, but you still see lots of people buying properties and lots of things that you would least expect them to buy at a time like this.

The truth is that there is money, and there are lots of people who have money, and there are also those who are living in poverty.

The world has been like that, there are those who are poor in the society and there are also those who are rich. So, saying that people do not have money is kind of like getting it wrong, because there has always been people who do not have money and there are those who have that money. So don’t generalize it.

The video over there is emphasising on the market price of things, so it letting us know how commodities is getting accelerated every day, from your response, it's quite obvious that inflation has taken over the world, and it come to my knowledge that it's not every country that's experiencing the cost of high living.

I think the major point of low and high cost of life is from the controllers of the nation precisely [Government], if economy of a country is in constant Flux I don't think their is every tendency to experience high cost of living, and they will be process of generating income, while people had the taught of high cost of commodities, it's because of lack of source of earning, if actually theirs adequate power supply to industries and provision of tools from government to raise any kind of livestock, the inflation won't have affect a nation.

I would disagree that people have no money. From my point of view the value of money has increased, as people now think more before spending and do less spontaneous purchases. People have changed their priorities. Covid impacted greatly on people's "to buy list". And dont forget that due to covid production of goods and the amount of given services has decreased. That has made a deficit in some areas, which lead to price increase. Some people think then, that why should they buy now with an increased price, when they can buy it cheaper in half a year.

rich people seem to be in control, when workers ask for a salary increase, they increase the selling price of their products, and this seems to have the same situation. but for those who know crypto, even poor people can multiply their money even though they have little capital as long as they have knowledge, with evidence that currently many people are newly rich from cryptocurrency

The prices of things keeps increasing, but the salary that is being paid to people for the work they do every month does not increase to match, but stays the same. So, due to that a lot of people in the society are unable to afford the things they need. It is worst because the government doesn’t really care about providing for the people , that’s the situation in a lot of countries today.

If only the government should do what is right, start playing their role in the society, then I believe that things would be much better than it is now. During the lockdown due to pandemic, in my country there was lockdown without the government showing support to the citizens, which is very bad. It wasn’t easy for most of the people, although they were able to pull through it.

Thats the reality. Poor people are getting poorer, it seems there's no way out. Even you're a hard worker and earning enough money, the hindrance to live comfortably is the inflation.

Everything is turning up while the salary of the workers remain the same, its a problem that even the government cant resolved. On the other side, rich people are not affected on this problem because even everything went up they can still afford it.

Thus, nowadays having more than one job is much better if you want to be financially stable.

Of course, my friend. In which country do you live? This has been going on for too long. Are there steps you can take to help local residents, especially the business sector, which can still be converted/distributed in small lanes? can be taken / imitated,
Hopefully it can help those who panic and feel the economy is not working. It's a different story with a giant company that lays off its workers for reasons of unreasonable turnover. Of course they also have family dependents to support and provide for, this is a common task that must be united to revive the economy even though it only starts from a few houses and continues to grow. we can, cheers

That's true indeed if we see that in this pandemic condition many people are making little money and of course that is not regardless of the impact of the pandemic,
but there are also people who make more money during this pandemic like you said,
in conditions like this we can't just look at one point of view

You're right?

Why does it seem that everything is turning to be back as normal? Don't rely on just some youtube videos that you've seen. Well, no doubt that some countries are still experiencing hardship and they're dealing with poverty and crisis due to many factors.

But don't generalize that it's everyone that has no longer money. In fact, there are people, known and not that have made more money during this pandemic.