In our country, the inflation rate is continuously increasing. The unemployment rate is also increasing because some businesses and huge companies are filing for bankruptcy because of inflation. Corruption is getting worse and the people are being divided because of politics. As for me, the current situation in our country isn't getting any better and we're also affected by the war between Russia and Ukraine.
The impact of the war between Russia and Ukraine is also very much felt in my country, even the price of oil here has gone up 200%, this is really crazy while people's incomes are still not fully recovered because the pandemic is still lingering. Governments in many countries (poor, developing and developed) are currently being forced to think hard about the fate of their citizens because it is their obligation as leaders elected by the citizens. 
Topic: Standard of living - page 9. (Read 1721 times)
In our country, the inflation rate is continuously increasing. The unemployment rate is also increasing because some businesses and huge companies are filing for bankruptcy because of inflation. Corruption is getting worse and the people are being divided because of politics. As for me, the current situation in our country isn't getting any better and we're also affected by the war between Russia and Ukraine.
I think it will continue to improve, it's just that the difference is sooner or later. What I'm observing now is that there's an acceleration that makes us really feel the effect. Especially when it comes to politics, I think almost every country experiences the same thing. I also feel there is no solution for that because the times are also advancing. The difference may be in some developed countries will be slightly better, compared to developing countries.Since we can't do anything much when it comes to politics, on the other hand, we can look for ways on how to improve our situation. We can't blame forever our government regarding the negative things that we are experiencing. It lies on our hands now how to combat this situation we are in. Small initiatives can make big impact on our lives. Few examples that we may neglect are planting on our garden (if you have space, even small one), selling pre-loved items that we don't need anymore, accepting odd jobs. And also live simply and in frugal way.
In our country, the inflation rate is continuously increasing. The unemployment rate is also increasing because some businesses and huge companies are filing for bankruptcy because of inflation. Corruption is getting worse and the people are being divided because of politics. As for me, the current situation in our country isn't getting any better and we're also affected by the war between Russia and Ukraine.
I think it will continue to improve, it's just that the difference is sooner or later. What I'm observing now is that there's an acceleration that makes us really feel the effect. Especially when it comes to politics, I think almost every country experiences the same thing. I also feel there is no solution for that because the times are also advancing. The difference may be in some developed countries will be slightly better, compared to developing countries.
In our country, the inflation rate is continuously increasing. The unemployment rate is also increasing because some businesses and huge companies are filing for bankruptcy because of inflation. Corruption is getting worse and the people are being divided because of politics. As for me, the current situation in our country isn't getting any better and we're also affected by the war between Russia and Ukraine.
The standard of living has certainly gone down in the United States thanks to the coronavirus, Ukraine/Russian war, inflation etc. The one good thing is the job market has been pretty good of late, but otherwise people are struggling quite a bit. One of the big differences is buying things. Everything has skyrocketed in cost at the grocery store and not to mention it's hard to get a lot of items that you had access to before all this happened.
Unfortunately I think we are in for a long ugly ride before all of this turns around. We first need to get this war between Russia and Ukraine to end. It's ruining so much.
Unfortunately I think we are in for a long ugly ride before all of this turns around. We first need to get this war between Russia and Ukraine to end. It's ruining so much.
Op, it's a nice question about the standard of living, and it's interesting to see how others feel about their countries. I must say, however, that people often judge such things by personal circumstances (what sort of place they were in and where they are now, and maybe their relatives), but that isn't always representative of the overall population, which is why looking at puchasing power assessments, average prices and salaries, GDP and inflation rates is important. My country in Ukraine, so I don't know what to say. It's obvious that right now, many people are much worse off than they were before the war, and it's likely that the hardship will continue after the war for some time before the economy can get back on track. But before that, I think things were going okay. The prices were rising, yes, and the inflation rate has not been ideal, but the salaries grew significantly as well, and I was much better off in 2021 than 5 years before that.
Generally , I would say the standard of living in my own part of the world declined as unemployment and inflation numbers were on the rise.
The gap between the rich and poor is increasing by the second as the wealthy management executives and politicians barely felt the increment in the prices of goods and services.
The covid pandemic saw lots of countries go into recession therefore a sharp decline in the standard of living. I would think developing countries felt the full impact of the economic woes that followed the pandemic
The gap between the rich and poor is increasing by the second as the wealthy management executives and politicians barely felt the increment in the prices of goods and services.
The covid pandemic saw lots of countries go into recession therefore a sharp decline in the standard of living. I would think developing countries felt the full impact of the economic woes that followed the pandemic
My standard of living didn't really change much in the last 5 years. I got so used to buying the same brands over and over again that I rarely change my spending habits. What I did notice over the last years is that I have to spend more and more money to keep my standard of living constant. 5 years ago I spend between on average 15-20 euros at the supermarket. Now I always spend more than 25 euros for the same items. What makes me afraid is that we are just at the beginning of the new inflation wave. Goods and services increased a lot in price recently, but the average wages didn't change. So far the employees are losing a lot of purchasing power in real terms. We will likely see a larger number of unions going on strike and demanding more money. All that additional salaries will in return bring the companies to rise prices even more.
Well, a lot of things have changed ever since pandemic started. People started to lose their jobs so unemployment rate have increased, most of people in the lower class are being dependent on government's help, and the national debt of our country also increases. But despite that fact, I'm glad that our government was still able to support our people like, medical frontliners and other workers and still creating more jobs for the people. The price of oil, gas and other commodities also increase in my country same to other countries due to Russia's attack in Ukraine. Standard way of living of most people have changed so much especially the poor. So let's hope and pray that every bad thing happening all around the globe would soon stop because it is being too much and the poorer ones are the one being affected the most.
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.
5 years ago was totally different, I pay less than 2 dollars for chicken per kilo, now it is more than 4. Inflation is the roots of all of this, but the best things happens in times of crisis for us. Our elected president was so smart that despite the pandemic, he still manage to lift the country up. So to cover up for the high prices of commodities, he gave people an increase in salary, mainly the government employees and my wife was one so I am thankful with that. He almost doubled it, also he gave money to the poor with not enough income to feed the family. If he wasn't been our leader, we would've been on a different path, maybe we were next to Sri Lanka or even worst than Ukraine.
the standard of living in our country now is very difficult, very much different from the year before the pandemic,
I believe this is what that has been experienced by many countries and it has affected the growth and development of economy activities all over, i consider if US can as well go on inflation as a result then it couldn't be a thing of surprise anymore when other countries are lamenting on same challenges, the pandemic of covid 19 has just begin the unveiling of it consequence on the growth of the economy this year but i don't see this extending beyond 2022.
In my country, over the last five years the rich have got richer and the poor have got poorer... because we have a right-wing party in power, and this is their raison d'être.
Oh, wait for the next election, you might elect a far-left that will make everyone poor so you won't have to worry about the wealth of others anymore.
Depends what you mean by far-left, but I'm certainly not advocating a far-left party as a solution. Communism in practice leads to the same overall result as would be obtained with utterly unregulated laissez-faire capitalism... the establishment and entrenchment of an elite minority, whilst everyone else can go f*ck themselves and scrabble about as perpetual wage slaves, with zero chance of digging themselves out of the dirt. The problem is not so much inequality of outcome, it's more inequality of opportunity. Any system that has a direction of travel and lacks a counteracting force will be exploited; my issue with far-right governments in what are (nominally) capitalist democracies is that they are pressing in the wrong direction, and so work to enable and promote quite egregious abuse.
Definitely bad. Commodities like lentils, herbs, wheat, chicken eggs or even hard commodities are getting at its peak. Even the vegetables in the local markets are 2-3x pricey so no we are not doing good at all.
The problem is our society is not perfectly circled. The jobs we are doing well what they care about daily lives and how things are working up? The salaries are not at all getting hiked. That remains constant all the time so how we gonna tackle the inflation at all?
The average families here rely on each others wagers and we have no hourly wagering system which means a fixed salary is credited every month and have to work the finance based on that.
Its bad, its calamity!
The problem is our society is not perfectly circled. The jobs we are doing well what they care about daily lives and how things are working up? The salaries are not at all getting hiked. That remains constant all the time so how we gonna tackle the inflation at all?
The average families here rely on each others wagers and we have no hourly wagering system which means a fixed salary is credited every month and have to work the finance based on that.
Its bad, its calamity!
I used to think production of local foods helps fight inflation but the reverse became the case in many countries in Western Africa. Funny enough this will be used as a campaign strategy for 2023/2024 election in many West African countries. But i think many will rather switch from menial jobs to digital services to meet up with the inflation
That's true, local food production needs to be done in a self reliance manner. This will increase productivity as well as fulfill the self requirements. In recent years corporate networks have begun to get into agriculture, so this too gonna be a problem when they use different techniques to increase productivity which can't be afforded by the local productions. Anyhow soon people will raise for food if the inflation increases this way.In my country the living standards of common people have affected big, but the corporate and the rich have multiplied their network during the pandemic. Also the government is standing on the side of the rich and never prioritise the suffering people.
The standard of living was increased by the price increase everywhere.People was suffering a lot for this economic crisis.If this survive for the long period,their will be poverty in the developed countries.It’s very complicated in the crypto currency market.The price of bitcoin had crashed a huge now.In my country also their was huge rise in the price of food items.
it's true as you said the standard of living has increased now, because of rising prices everywhere, while jobs are very difficult for us to get, expenses and income are not at all appropriate now, plus the world is still in a pandemic, our activities are limited, that's for sure our lives are getting destroyed, so now many people want to know the world in digital, to find income, crypto currency is a solution, but unfortunately in my country all of that is still limited.
I used to think production of local foods helps fight inflation but the reverse became the case in many countries in Western Africa. Funny enough this will be used as a campaign strategy for 2023/2024 election in many West African countries. But i think many will rather switch from menial jobs to digital services to meet up with the inflation
the standard of living in our country now is very difficult, very much different from the year before the pandemic, before the pandemic we still had steady jobs, but after the pandemic hit the world, our economy was destroyed, almost all companies in our country gave layoffs to workers, now work is difficult in search, the government raised the price of oil and the price of basic food, to be honest if I could I would definitely move to another country, which is easy to get a job.
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.
Everything has definitely changed sharply from bad to worse in just a short span of 5 years which became even more difficult with the emergence of the covid virus and the war between Russia and Ukraine. Not to mention the natural disasters that took place within those 5 years that have really pinned us down. Even the government is struggling more than it used to in supporting the affected places by these natural disasters mostly the people, their livestock, farms, businesses and so on that has negatively affected the economy. Heck, even the places that were not struck by the natural disasters are struggling with the lack of jobs specially at the times of pandemic when most of the businesses were shut down. Right now, only those that are quite resourceful or have careers that enables them to work freely despite the pandemic are having an easier life than the rest. The others, still suffering. At least though, the lockdowns are not that strict anymore enabling most of the businesses to operate and open up job vacancies for others. But still, the inflation is very difficult.
I'm just going to judge this based on the cost of goods and services and compared to back then when I was a kid, it has increased but not to the point where it has heavily damaged OUR living standards. I can't say the same for other families though. Based on what I remember a decade or so ago, the increase in price could be scaled to around 30%? It might be higher on other services or products, but most of what is needed (at least for me) for everyday life increased by that much iirc. This is in PH btw.
I can't say that it's THAT good though since the minimum wage is still fairly low to properly support your family.
I can't say that it's THAT good though since the minimum wage is still fairly low to properly support your family.
Standard of living, it is very difficult to judge whether the standard of living in our respective countries is appropriate or good or not. Every country has conflicts and problems at different levels.
Economic and financial capabilities are also very different. In fact, in my country, it is very obvious.
If we live only to fulfill and live up to the ideal standard of living then sometimes we can't. Sometimes we live under pressure and so it makes us unable to be in the zone of our ideal standard of living.
I saw and felt that the basic necessities at that time were very scarce even though we were the producers of these raw materials. And when the price of this item was increased to 2 times, suddenly the item was available in abundance in just a matter of minutes.
And I also feel that the price of today's necessities has really gone up drastically recently. While the salary did not go up and the same. So what other standard of living should be maintained if in these conditions?
Economic and financial capabilities are also very different. In fact, in my country, it is very obvious.
If we live only to fulfill and live up to the ideal standard of living then sometimes we can't. Sometimes we live under pressure and so it makes us unable to be in the zone of our ideal standard of living.
I saw and felt that the basic necessities at that time were very scarce even though we were the producers of these raw materials. And when the price of this item was increased to 2 times, suddenly the item was available in abundance in just a matter of minutes.
And I also feel that the price of today's necessities has really gone up drastically recently. While the salary did not go up and the same. So what other standard of living should be maintained if in these conditions?
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