Topic: Standard of living - page 5. (Read 1721 times)

The standard of living in my country keeps degrading and going from bad and worst on everyday basis. Talking about Covid-19, my country really never much got infected but the government are the ones making it look like it really exist, just to embezzle more money. While on the other hand, Inflation keeps rising on a steady. Its just too tense out here.

This isnt limited on Philippines alone but on every corners of the world where countries are really that heavily affected with pandemic but it seems that things turns out on gradually turn to normal.

Lets hope that there would be no more variant that would come out which would really be making things even more worst.Standard of living on each country would be totally different and thats

why we do have that first world to third-world/developing countries.So as a citizen then its normal on finding other sources of income which commodities and other things do rise
up in prices.

Our living standards have changed a lot. Compared to the past years, especially in the last year, our living standards in my country have dropped down a lot. The purchasing power has decreased a lot, the price of everything has increased a lot. The problem of livelihood became the common problem of everyone. no one working began to be dissatisfied with their salary.

Definitely there is a significant difference between the standard of living now vs the standard of living pre-pandemic.

In the Philippines, prices of fuels significantly increased. All the commodities and basic household items needed for daily living increased when the pandemic hit. Not to mention, though some of the stock prices plummeted, most have increased as well. Unfortunately, job opportunities lessened and unemployment + underemployment rates were higher compared to the time before covid hit.

Standard of live everyone has increased or decreased tremendously. Due to COVID life all over the world has changed  so much.
But I belive all we need is simplicity and clean and green place to enjoy life. People have moved towards minimalist approach to have less and enjoy more.

It's been almost 4 years since I moved to the city because of work, in the city of course the cost of living is very high, now I'm having financial difficulties because the business I created was affected by the pandemic and made me have to be active to look for alternative income, currently I rent out several houses on a daily basis to years and make me able to be helped.

I can attest that the inflation indeed impact the prices of goods and services as time passes by. If you're going to compare the prices of the commodities back then, the price gap is very evident. Way back, you can buy a lot of goods for a $200 worth here in our country. It can be enough for the groceries allotment in a month, but right now, it will not be sufficient most especially if you have mouths to feed.

The cost of living in our country is one of the cheapest in the world. However, the wage here is also low and not really competitive. Hence, despite low cost of living, people still get short on the budget. The hike of commercial goods prices, oil prices, as well as the transportation fee is really alarming because minimal to very low wage adjustment only is done. Moreover, the pandemic really added to this burden. Due to limited transport of the raw materials, goods prices increased even more. This is why I really do hope that we'll be able to bounce back soon so that the prices might recover as well as the citizens, since many were also laid off from their jobs due to the pandemic crisis.

During last 5 years standard of living has changed completely. First of all due to pandemic, local tourism has improved greatly. I see nature tourism has become one of demanded amusement. Just build a small wood house, add IKEA furniture, put jacuzzi outside, add lanterns and you are ready to earn. People not prefer to spend time at such places, instead of going abroad for a vacation.

Food prices during last 2 years made a huge jump. Almost doubled. However, more people prefer to buy less but at an expensive show and enjoy small, then go to a cheaper shop and but a trolley with food.

People have started to build more property, even though less people can afford it. That is a dilemma for me.

Ive noticed, that the amount of goods and services have increased, yet people spend less. Not because they dont have money, but because people are fed up with everything, dont have interest or are spoiled.

Well, I think I only noticed this mostly in 1st world countries or the most wealthy ones. I do see a lot of people or non-government organizations that are conducting or giving free food twice a week. For example, in the UK, they have foodbanks that those homeless people or in need of food can get from those for free, which in third world countries I don't really see a lot of. The government will only give you food if something happens in your place, like heavy storms, etc.

chain problems caused by several sources of problems have not been unraveled until now so that other sectors are affected and disrupted. Indeed, during COVID-19, the cost of living necessities has increased, even more so with the Russian-Ukrainian war which had an impact on European countries due to the oil crisis. I think the continued existence of war will complicate the situation, diplomacy and improving the situation will be better for restoring the world economy

Standard of living is different one with the money holding for it. The economic crisis was all around the world, So the top most economy countries like America and China will had a counter move against the Russia to solve this. If everyone think, it’s not their problem. Then who will take care of this phenomenon. And it was affected the developing country in a huge sense, So it should be solved soon.

But we know that not forever to be something like this on which we might be seeing some glimpse of hope where everything had been resolved or something that had been patched up for at least we dont really suffer

that much.Its been part of reality on what we are experiencing as of this moment which is really very hard to sustain nor handle out but we dont really have any choice, are we?
So it does really affect our living but if you dont look for something alternative or solution then you would really be finding this to be hard.

The war isn't an excuse to justify the low living standards of my country. The social and financial situations have always been a mess here. It's a corrupt country where people aren't to be trusted, because they always want to take advantage of each other, from the lowest classes to the highest ones. I live in a rich country from the natural resources and territory size points of view, but all the wealthy given by the nature isn't enough to maintain a greedy wicked system where authorities from the 3 powers (executive, legislative and judiciary) are constantly uniting themselves in order to put their personal interests above the interests of the country and development of its people. On the practice it means authorities are constantly raising their wages, practicing and hiding the corruption schemes of their pairs, creating laws which benefit them and their friends, while also partnering with big businessmen for obtaining advantages and giving advantages at same time. In the end we have a country ruled by greedy corrupt authorities plus oligopolies generated and propitiated by the hands of the first mentioned group.

Of course there aren't perfect countries, but I have the perception mine is a free sample of the hell,... But for degenerated, selfish individuals who think the end justifies the means at all costs, it can be considered the paradise.

Funny thing there is no war here and people are considered pacific, although you can be stabbed in the back at any moment. So at time it's a pro, it's also a con, because in a war, at least the enemies are declared, but in a country like mine you never know who they are or when you are going to encounter them.

Every where there is trouble - earlier it was due to COVID. Due to  bans trade and travel has stopped. Now due to Russia and Ukraine war things have been so much difficult. There is rise in petrol prices everywhere and that is the result of inflation - this hurting world will take so much time for the healing now.

My standard of living is increasing due to inflation factors, the beginning of the year several oil subsidies, electricity and clean water are reduced significantly so as to make the cost of production, transportation and so on to rise and make inflation that continues to increase, with a standard life of 3 meals, transportation to offices and rental costs My room needs about $ 300 per month.

I always admire the developed countries and how they have maintained their standard of living.
I wish my country comes up to the same level where food, shelter and basic necessity are given free of cost. Hopefully one day!

This is really the scariest thing. This will lead to the country's bankruptcy. The people of that country really struggle, and the price of food, etc., is really high. I am hoping that this will not lead to your country. In our country, the election just finished on the 9th of May, and I am hoping that the newly elected president will manage the country well the same as the current president, but I am confident he will. Corrupt police and leaders are really the problem within the country. I am hoping that this will be solved sooner rather than later, but I don't know how.

In our country - we have very strange politicians above us. They hardly care for the country and they are mostly on foreign tours on the taxes money.
We are still struggling for basic needs like electricity, clean water and transportation. I am not sure if my country will be a progressing country in coming years.

This should have been where IMF shines and they failed as well. It caused so much debt and trouble for nations that even getting money from IMF meant that you need to be a nation that would be known to pay it back, plus if you gave it to just one place then everyone else wanted it. Not that they didn't give anyone anything, but it did take a while and that is the problem, it wasn't enough and they should have done more, with all the money they have.

I do not see a recovery from it, we are just going to get used to the new prices, as long as it doesn't get followed by bigger and bigger inflation, then it should be fine. We have increased prices, and we are just going to end up with what we have for now and hope it stays the same.

Surprisingly enough, I think the self sustenance "prepper" type folks might come out on top. I would laugh at the paranoia of some of these folks, but perhaps they were on to something. For some global event to occur resulting in collapse of supply chains resulting in food scarcity, seemed slightly far fetched. Well, COVID was that event, and it's only compounded by the Ukrainian conflict.

I'd argue, though: If the world devolves into a state at which individuals must grow their own food, the standard of living has fractured so significantly, it might be beyond repair. Ask someone in the first world if they know anything about producing their own food. They know nothing, including myself.