It's known that we are having a global inflation and food prices really got so high. It's a bad thing for majority of people especially for those who are in the lower class who are just trying to survive. My food monthly budget increased by 50% from last year which is I think a very fast price jump. Everything in my country became expensive which affects my crypto accumulation given that it affected my budget to be used in accumulating. I'm aware of the global inflation but it worsen because of the obvious government corruption in my country. Life is hard nowadays, we need to have extra source of income to sustain our normal lives.
It is true that global inflation is occurring, perhaps not felt in some places where the per capita income of the population is high, but it is quite noticeable for those with low income. That's right, what you say will indirectly affect and change the value of our investment plans in the crypto world. yes. Fulfillment of basic needs for the family is priority scale no. 1. If there are excess cash reserves, then the rest will be comfortable and safe to invest rather than forcing it or borrowing from other people.
Rice is not cheap
Flour is not cheap.
Milk is not cheap.
I was spending $100 usd a week to feed my wife and I in 2019
I spend over 200 usd a week now.
...and that is the fact that we feel now, the amount of money we spend is not enough and is not commensurate with the value of the goods we used to buy. everything is on the rise even though different places have different prices.
But in several countries currently there are still many citizens who have a high interest in agriculture, including the younger generation there. But in my country, namely Indonesia, I think the younger generation is very rarely interested in entering and studying the agricultural sector.
So many of the farmers here are old and they worry that their children will not continue the agricultural sector that they have managed for generations. Because most young people here when they inherit agricultural land, they tend to sell the agricultural land or convert it into another industrial sector.
That's right, and that's happening now even though our parents used to live mostly in agriculture and continued to send them to school up to tertiary institutions by working hard by farming.
Well, indeed we know that the need for housing is very high due to the increasing population and the demand for land to build shop buildings, especially if the land is on the side of the road or is strategic and is the most sought after and valuable.
It is very likely that the younger generation considers selling their assets practical even though their intentions are turning here and there. but if he wants to buy it again and looks for exactly the same as what he sold, maybe there is, but the price is no longer the same, it's getting higher, it's impossible for him to buy it.