The issue of high inflation and increase in prices of goods and services is a general problem faced all over the world even in certain area where there is relative peace, only that the situation is worse in war prone areas.
And in all of these, many African countries ain't exempted from the hard standard of living currently experienced world over, for someone like me who hails from one of the West African countries with a high population I wouldn't say there's no obvious fall in difference between the standard of living 5 to 7 years ago compared to this current time.
Everything in the market has topped up price 3x the amount compared to 5years ago. And the situation is growing worse by the day as the standard of living keep deteriorating with little or no significant economic solutions from the government to curb or reduce the impart on the citizens.
It's a very ugly situation by the way. I feel like going back in time when money had much value to services and goods.
Topic: Standard of living - page 2. (Read 1751 times)
Many things have changed after Pandemi and inflation that occurred, now many needs are significantly increased, staple food, oil and home consumption costs always increase, if a year ago I was still comfortable with $ 300 per month now I have to spend more than $ 400 for standard living at my place.
I don't think if there is any economy in the world that escaped inflation. I can still recall five years back when a $100 could buy a whole lot but as it stands it is only valuable in the hands of the poor because it is barely enough to carter for most family needs. It is even more difficult saving nor investing with this high inflation, it takes so much discipline to invest and that is just the only way to live above inflation in this era.
The same as mine. Before $300 just for the groceries are more than enough but these days, it's not enough for a month and that's why we're budgeting tightly and already avoiding buying those unnecessary things and goods. We have cut our budget and avoiding to eat now in fancy restaurants and it's a way to avoid the contraction of covid although rates now have become low still, it's there. Having one source of income these days won't be enough, it's better to have a full time job and have another job or a side hustle.
the standard of living in each region is different, and also different for each person, according to the needs of each. Indeed, I myself feel that if we only work as employees, we can only live, while we still have needs outside the budget, I agree, we must have income from more than one source, so that we can meet the needs of life, even though we have to be extra hard in the budgeting, because no matter how much income you get, but if we can't manage it, it will always feel like it's lacking
The prices of goods and services are increasing everywhere in the world, inflation being the major reason why, the physical and political war in Ukraine is also compounding issues for some specific countries, as we know if prices of commodities are high which they are, people will spend more money to buy the goods they need and pay for the services they want. Standard of living on the other hand is like a general term to quantify the economic well-being of people in any country, meaning if the prices of goods and services are high, people would be able to afford very little goods and services and that will make the standard of living to drop generally, and that also goes vice versa.
So i would like to know what the standard of living is like in your country now compared to five years ago. Was there any sharp difference in the standard of living pre pandemic and now. If there is a great fall in the standard of living in your country, have there been any move by the government and employers of labor to alleviate the sufferings of people. People who live in Ukraine, if you don't mind, i think a lot of people would want to know what it is like there too since the war began.
So i would like to know what the standard of living is like in your country now compared to five years ago. Was there any sharp difference in the standard of living pre pandemic and now. If there is a great fall in the standard of living in your country, have there been any move by the government and employers of labor to alleviate the sufferings of people. People who live in Ukraine, if you don't mind, i think a lot of people would want to know what it is like there too since the war began.
The standard of living in my country has plummeted. Crowds of drunken men sing songs walk the streets of my city. Yesterday I saw a guy in a torn sweater on the bus, his naked body was visible through the holes. The windows of many shops are broken.
I am not a conspiracy theorist (I do not deny the existence of the coronavirus), but this whole story with the Covid-19 coronavirus pandemic is like a campaign to prepare the inhabitants of the Earth to reduce their standard of living. It seems that some forces were preparing people in advance to give up tourism, flying on airplanes, visiting restaurants, theaters, concerts, and mass sporting events.
At the same time, the situation in Ukraine is much more catastrophic. This is a huge tragedy. The world we knew before no longer exists.
in my country life is becoming more and more difficult for people living in poverty. how not, energy prices continue to increase, tax costs continue to increase, fertilizer and animal feed prices continue to increase as well. Even the price of medicine goes up. so that many services and culinary services have definitely increased following the policies of the local government.
Government assistance is sometimes not right on target. sometimes only people close to government employees benefit. while people who really need a lot are neglected.
I don't know about the current standard of living. because the gap between rich and poor is widening.
Government assistance is sometimes not right on target. sometimes only people close to government employees benefit. while people who really need a lot are neglected.
I don't know about the current standard of living. because the gap between rich and poor is widening.
The standard of living in my city is increasing, the price of groceries and spices has also increased dramatically, inflation is always happening and another problem is the difficulty of increasing income, currently I work with a monthly salary of around $400 and my living expenses with my family are more than $400 so I do a lot of things to meet my needs every month.
The same as mine. Before $300 just for the groceries are more than enough but these days, it's not enough for a month and that's why we're budgeting tightly and already avoiding buying those unnecessary things and goods. We have cut our budget and avoiding to eat now in fancy restaurants and it's a way to avoid the contraction of covid although rates now have become low still, it's there. Having one source of income these days won't be enough, it's better to have a full time job and have another job or a side hustle.
The standard of living in my city is increasing, the price of groceries and spices has also increased dramatically, inflation is always happening and another problem is the difficulty of increasing income, currently I work with a monthly salary of around $400 and my living expenses with my family are more than $400 so I do a lot of things to meet my needs every month.
Currently, some commodity prices have increased and that has affected other things as well,maybe you can save a little more by reducing expenses even though it won't be that easy,
or not you can work side by side by using social media platforms to sell or whatever it is to increase your income
This is why we don't need to tire ourselves anymore working for longer hours with two or more jobs but we can use our extra time to enjoy together with our loved one's.
The standard of living in my city is increasing, the price of groceries and spices has also increased dramatically, inflation is always happening and another problem is the difficulty of increasing income, currently I work with a monthly salary of around $400 and my living expenses with my family are more than $400 so I do a lot of things to meet my needs every month.
The same as mine. Before $300 just for the groceries are more than enough but these days, it's not enough for a month and that's why we're budgeting tightly and already avoiding buying those unnecessary things and goods. We have cut our budget and avoiding to eat now in fancy restaurants and it's a way to avoid the contraction of covid although rates now have become low still, it's there. Having one source of income these days won't be enough, it's better to have a full time job and have another job or a side hustle. 
The standard of living in my city is increasing, the price of groceries and spices has also increased dramatically, inflation is always happening and another problem is the difficulty of increasing income, currently I work with a monthly salary of around $400 and my living expenses with my family are more than $400 so I do a lot of things to meet my needs every month.
For now it seems not only from your country that happened like that but most likely all countries in the world are experiencing the same impact.Inflation is increasingly widespread as a result of several factors that make things like this happen.
The impact of Covid is likely to continue to be felt for the next few months or years because the root of this problem is getting more and more branched, giving rise to new problems again and again which are increasingly hampering economic growth.
It would be better if it was possible to now apply a more minimalist and more frugal lifestyle so that we can at least continue to survive in an onslaught like this.
The global economic condition isn't good at all, the Fed made some policies for make their economic become stable. Inflation which happens make every country prepare their policy because this will happen in the long time. Not only the poor get the impact but also the rich, there are many companies which has fired the human resource to save their company. Yesterday, I heard from my family that one of his member got fired without any notification before. They go home with some money of their compensation. I'm shock, he's my close family and his company has shown signs of bankruptcy.
I know families in other countries - how are badly affected and they are struggling hard to make both ends meet. Though time though. Which will not end - but people will learn to live with it.
Rich people might still suffering losses but they are still ahead or in good condition yet they could still sustain theirselves in terms of necessities which is primarily needed for survival thats why lets just accept the reality
in between the differences.Yes, the current war did really make some toll on increasing gas/petrol prices which do really make people do suffer even more.We arent get used to these things on a very short span of time.
We know that needs and wants do really increase their value or price but not on this kind of situation where everything is really on fast pace changing which we arent get use to as i said.
The global economic condition isn't good at all, the Fed made some policies for make their economic become stable. Inflation which happens make every country prepare their policy because this will happen in the long time. Not only the poor get the impact but also the rich, there are many companies which has fired the human resource to save their company. Yesterday, I heard from my family that one of his member got fired without any notification before. They go home with some money of their compensation. I'm shock, he's my close family and his company has shown signs of bankruptcy.
The standard of living in my city is increasing, the price of groceries and spices has also increased dramatically, inflation is always happening and another problem is the difficulty of increasing income, currently I work with a monthly salary of around $400 and my living expenses with my family are more than $400 so I do a lot of things to meet my needs every month.
Inflation of a country happened because of the economical system of the government in that country, i understand that when a country is seeing and experiencing difficulties in the system that means that the economical system of the government is poor, so the issue of them reply for the leader, when course of commodities is getting higher that means bad leadership is existing in such a country. Not every countries will experience inflation. 
The standard of living in my city is increasing, the price of groceries and spices has also increased dramatically, inflation is always happening and another problem is the difficulty of increasing income, currently I work with a monthly salary of around $400 and my living expenses with my family are more than $400 so I do a lot of things to meet my needs every month.
Currently, some commodity prices have increased and that has affected other things as well,maybe you can save a little more by reducing expenses even though it won't be that easy,
or not you can work side by side by using social media platforms to sell or whatever it is to increase your income
The standard of living in my city is increasing, the price of groceries and spices has also increased dramatically, inflation is always happening and another problem is the difficulty of increasing income, currently I work with a monthly salary of around $400 and my living expenses with my family are more than $400 so I do a lot of things to meet my needs every month.
I don't have figures but there's definitely a gradual increase in cost (and that never went down) since the koof and then a more rapid increase after the whole Ukraine fiasco. I expect it to get worse as the months go buy since we import oil not just for transportation but also electricity.
The standard of living has improved in our country in last few years. But in recent fews months, due to Ukraine and Russia war the inflation has affected the average life of the citizens as well.
The war between Ukraine and Russia has affected the economic situation in lots of countries. We are actually having a hard time dealing with the increasing inflation in our country. Because of the current war, the oil price hike is unstoppable and it's affecting everyone. Electricity, primary necessities, and food prices are increasing but the salary is still the same. It seems like we're only working to survive. Everyone is suffering even rich people.
in between the differences.Yes, the current war did really make some toll on increasing gas/petrol prices which do really make people do suffer even more.We arent get used to these things on a very short span of time.
We know that needs and wants do really increase their value or price but not on this kind of situation where everything is really on fast pace changing which we arent get use to as i said.
I don't have figures but there's definitely a gradual increase in cost (and that never went down) since the koof and then a more rapid increase after the whole Ukraine fiasco. I expect it to get worse as the months go buy since we import oil not just for transportation but also electricity.
The standard of living has improved in our country in last few years. But in recent fews months, due to Ukraine and Russia war the inflation has affected the average life of the citizens as well.
The war between Ukraine and Russia has affected the economic situation in lots of countries. We are actually having a hard time dealing with the increasing inflation in our country. Because of the current war, the oil price hike is unstoppable and it's affecting everyone. Electricity, primary necessities, and food prices are increasing but the salary is still the same. It seems like we're only working to survive. Everyone is suffering even rich people.
I don't have figures but there's definitely a gradual increase in cost (and that never went down) since the koof and then a more rapid increase after the whole Ukraine fiasco. I expect it to get worse as the months go buy since we import oil not just for transportation but also electricity.
The standard of living has improved in our country in last few years. But in recent fews months, due to Ukraine and Russia war the inflation has affected the average life of the citizens as well.
I don't have figures but there's definitely a gradual increase in cost (and that never went down) since the koof and then a more rapid increase after the whole Ukraine fiasco. I expect it to get worse as the months go buy since we import oil not just for transportation but also electricity.
Well I don't know the exact numerical figures but from my assumption everything has doubled or even more in average compared to the last five years but what the worse thing is inflation which also reduced the purchasing power a lot especially after the covid 19 but the salary didn't get any hike as inflation did most people are living less standard life than before.
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