The cost of living is trying to kill the living - page 3.

nur rochid

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Quote from: smile1218 on July 05, 2023, 07:40:38 PM

Quote from: Kara3 on March 06, 2023, 04:36:28 PM

While growing up things were quite easy, an I also know that life was also easy for the common man, not until 2018 that things start changing for the worst, from then till now the rate at which inflation have struck my country to an all time high is so alarming.
Everyday price of things keeps on changing but the salaries of a civil servants still remain the same, the money that we use too feed from, buy water, pay rent, pay for light an even save from, now it can't even service our monthly needs for even half of the month.
Most times I feel for people that have many children because too get basic needs in today's economy is very difficult,
the annoying part is that the government an it agencies are doing nothing or less about the cost control of goods and services in the state.
An this has created a torn in the lives of many as situations keeps on getting worse by the day.
Am wondering if it's same experience in other part of the world.

That is true in the past things were quite easy and the lifestyle is not that expensive. As time goes by in the increase of inflation all around the world, life is now getting harder because of the high cost of living. Food prices nowadays is very expensive as well as electricity, water, internet charges, post paid lines, even the tuition fees at school etc. Todays economy is very difficult especially to less fortunate people. Here in our country mostly minimum wage increase a small portion of their salary but still it is not sustainable to their needs. For the above minimum wage the salary remains the same no movement at all that is why it is hard for regular employees to manage their finances with the increase in prices of basic necessities the salary did not even get higher. Everyday is getting worst, but if we will find some other option maybe we could survive.

a government employee still complains about the current situation, what about factory workers. Currently inflation is indeed high and even though there is a salary increase it is not proportional to the amount of inflation that occurs. and of course we must be aware of reducing our lifestyle and looking for other sources of income outside of working hours, so we must learn to cope with increasingly difficult economic problems. everyone has their own problems, and gratitude that can make us enjoy life beautifully

Smartvirus

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Quote from: ChiBitCTy on July 05, 2023, 07:19:41 PM

I don't think there was ever a time where things were easy for the modern man. As others have mentioned here in the United States we have gone through two major economic breakdowns in the last 100 years. That would be both the Great Depression as well as the Great Recession, which was just back in 2008.

You know at times when I hear people speak of America haven’t gone through there last 100years and we look at developing nations already at 50+ years, still under developed and look towards more years for a better future with a successive bad government, I begin to wonder how far is the next 50years.

Life has never been fair, easy or so good at any particular time. It’s always been about survival for the lower and middle class. Still, it’s a human nature to strive and persevere with hopes for a better tomorrow.

Hope is the one thing you hold on to in bad situations like we have in our world today, hope!

smile1218

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Quote from: Kara3 on March 06, 2023, 04:36:28 PM

While growing up things were quite easy, an I also know that life was also easy for the common man, not until 2018 that things start changing for the worst, from then till now the rate at which inflation have struck my country to an all time high is so alarming.
Everyday price of things keeps on changing but the salaries of a civil servants still remain the same, the money that we use too feed from, buy water, pay rent, pay for light an even save from, now it can't even service our monthly needs for even half of the month.
Most times I feel for people that have many children because too get basic needs in today's economy is very difficult,
the annoying part is that the government an it agencies are doing nothing or less about the cost control of goods and services in the state.
An this has created a torn in the lives of many as situations keeps on getting worse by the day.
Am wondering if it's same experience in other part of the world.

That is true in the past things were quite easy and the lifestyle is not that expensive. As time goes by in the increase of inflation all around the world, life is now getting harder because of the high cost of living. Food prices nowadays is very expensive as well as electricity, water, internet charges, post paid lines, even the tuition fees at school etc. Todays economy is very difficult especially to less fortunate people. Here in our country mostly minimum wage increase a small portion of their salary but still it is not sustainable to their needs. For the above minimum wage the salary remains the same no movement at all that is why it is hard for regular employees to manage their finances with the increase in prices of basic necessities the salary did not even get higher. Everyday is getting worst, but if we will find some other option maybe we could survive.

Uruhara

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Quote from: ChiBitCTy on July 05, 2023, 07:19:41 PM

I don't think there was ever a time where things were easy for the modern man. As others have mentioned here in the United States we have gone through two major economic breakdowns in the last 100 years. That would be both the Great Depression as well as the Great Recession, which was just back in 2008.

We are going through tough times right now. There's a lot of work that needs to be done. It's also to keep in mind not all countries are the same. Here in the United States jobs often do raise the salary for employees to help keep up with inflation. Now don't get me wrong, this isn't always the case, but it is in many.

To be honest, we always think that in America everything is fine. because I heard that the economic level of the people there is quite good in general. And inflation there has also decreased and interest rates are said to have stopped increasing temporarily to avoid a recession. But yeah, we don't know the reality that happened there. I hope there is always fine.

In my country everything is also fine. the inflation rate is also not too high and the recession also seems to be averted. But one thing that is very unfortunate here is that sometimes it is very difficult for employees' salaries to increase. so that when inflation comes we continue to struggle to keep our income sufficient.

Fatunad

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Quote from: Questat on July 05, 2023, 05:20:28 PM

Quote from: Wend on July 05, 2023, 04:36:06 PM

Only a few countries have low inflation, the rest of the world is still in a terrible crisis. Most governments from 3rd countries have become greedy and don't care much about the people. If we realize that, we should find ways to save ourselves rather than rely on them. We also don't need to be sad just because they don't help us because no one in this world can save us more than ourselves. So instead of complaining or seeking their help, we should find a way to save ourselves.

Perhaps we can expect help but not it reaches the point that we have to rely on them. Yes, we need to work and lift ourselves on our own because it was not their responsibility either. Whether they will help us or not, that is still okay as we never think that everything we need should come from them. As the inflation continues, we need to find ways to grow our finances as well this is the way to survive and this is the time that we must know how to budget our money.

Only lazy people or fools who do really end up on relying on government aide on which you are really that depending on it for you to live and its true that its not really that ideal to have that kind of mindset on which
you would really be that be contented on the life that you do have. We know that inflation do hits hard and on the time that you dont able to make progress on your income or other source then you would really be struggling on living on which you might be ending up on living a miserable life or something that lacks out financial or cant able to buy something that you do want. How really sad it would be?
Cost of living and other needs becomes even more expensive as the years passing by and its not something that we could really be able to avoid because this had been always the case that we are really that seeing.
Therefore, it would be wise that you should be finding ways or methods on enhancing your income through various means which is mostly be pertaining about investment and business.

ChiBitCTy

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I don't think there was ever a time where things were easy for the modern man. As others have mentioned here in the United States we have gone through two major economic breakdowns in the last 100 years. That would be both the Great Depression as well as the Great Recession, which was just back in 2008.

We are going through tough times right now. There's a lot of work that needs to be done. It's also to keep in mind not all countries are the same. Here in the United States jobs often do raise the salary for employees to help keep up with inflation. Now don't get me wrong, this isn't always the case, but it is in many.

Questat

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Quote from: Wend on July 05, 2023, 04:36:06 PM

Only a few countries have low inflation, the rest of the world is still in a terrible crisis. Most governments from 3rd countries have become greedy and don't care much about the people. If we realize that, we should find ways to save ourselves rather than rely on them. We also don't need to be sad just because they don't help us because no one in this world can save us more than ourselves. So instead of complaining or seeking their help, we should find a way to save ourselves.

Perhaps we can expect help but not it reaches the point that we have to rely on them. Yes, we need to work and lift ourselves on our own because it was not their responsibility either. Whether they will help us or not, that is still okay as we never think that everything we need should come from them. As the inflation continues, we need to find ways to grow our finances as well this is the way to survive and this is the time that we must know how to budget our money.

Wend

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Quote from: Gun Boat on July 05, 2023, 01:43:17 PM

Quote from: BigBos on March 07, 2023, 12:48:47 PM

In my country there is also inflation, but the level is not too high so that it still allows people to survive and again the government in my country is quite focused on reducing the inflation rate.
I noticed your story seems more difficult than what I could imagine, maybe there are many parties related to the increase in inflation in your country, such as money laundering, excessive printing of money by the government and the lack of supply of commodity needs which causes scarcity and or hoarding of goods to increase market demand that aims to make more profit than sales, you need to pay attention to things like that and discuss with elements of society to find a way out in your current position.

The country in the story does relate to mine, inflation rate within just the past few months have been really high, cost of living, petroleum products prices, removal of subsidy on crude oil when no proper infrastructure in place yet is really taking a toll on the citizens, transportation costs,food prices, drinkable water prices, clothing and accomodations, electricity tariffs, basically everything is affected by the other, just like dominos.

Several other factors are also responsible for the high cost of living like money laundering, embezzlement of public funds by government all these sum up to the increase in demand and hoarding of commodities, sadly the government really care less about the average citizens and the poor because no matter how high the inflation rate is they'll still be able to afford and live comfortably.

Only a few countries have low inflation, the rest of the world is still in a terrible crisis. Most governments from 3rd countries have become greedy and don't care much about the people. If we realize that, we should find ways to save ourselves rather than rely on them. We also don't need to be sad just because they don't help us because no one in this world can save us more than ourselves. So instead of complaining or seeking their help, we should find a way to save ourselves.

Gun Boat

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Quote from: BigBos on March 07, 2023, 12:48:47 PM

In my country there is also inflation, but the level is not too high so that it still allows people to survive and again the government in my country is quite focused on reducing the inflation rate.
I noticed your story seems more difficult than what I could imagine, maybe there are many parties related to the increase in inflation in your country, such as money laundering, excessive printing of money by the government and the lack of supply of commodity needs which causes scarcity and or hoarding of goods to increase market demand that aims to make more profit than sales, you need to pay attention to things like that and discuss with elements of society to find a way out in your current position.

The country in the story does relate to mine, inflation rate within just the past few months have been really high, cost of living, petroleum products prices, removal of subsidy on crude oil when no proper infrastructure in place yet is really taking a toll on the citizens, transportation costs,food prices, drinkable water prices, clothing and accomodations, electricity tariffs, basically everything is affected by the other, just like dominos.

Several other factors are also responsible for the high cost of living like money laundering, embezzlement of public funds by government all these sum up to the increase in demand and hoarding of commodities, sadly the government really care less about the average citizens and the poor because no matter how high the inflation rate is they'll still be able to afford and live comfortably.

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Quote from: Inwestour on July 04, 2023, 03:58:13 AM

Quote from: Jatiluhung on June 26, 2023, 01:42:14 AM

But the current situation is quite sad that it has indeed hit several countries that have experienced prolonged inflation and even the inflation rate in several countries has reached the Hyper Inflation level where the money there is almost worthless. So that residents there even have to bring a lot of money just to shop for vegetables in the market. So the cost of living in a country that is in a hyper-inflationary condition is certainly very high. So do not be surprised if the cost of living can really slowly kill its citizens in that country. because the problem is that the amount of income is less than the amount of money spent.

Countries in which inflation is very high tend to go through stages of growing inflation often, and therefore the population of these countries should study this issue. When one day their savings completely lose their value, then you need to think about it, you need to direct the savings into something that can save their purchasing power.

I'm not talking about investing now, it can be anything that can be stored for a long time and then sold, and of course it can be bitcoin. It can also be the currency of another country, which is much less prone to inflation. There are ways that can help in solving this problem, you just need to think about it before the problem occurs.

The inflation dilemma, it's like some countries' worst nightmare come true, right? Keeping you down like a thick blanket of fog... This situation makes me think of a famous quote by Milton Friedman: "Inflation is always and everywhere a monetary phenomenon." The necessity for people to learn about and adjust to inflation is the meat of your argument

Redirecting funds, especially for the "average Joe," isn't a silver bullet, though. If you catch my drift, it's more like a band-aid on a bullet hole. Bitcoin, other foreign currencies, and precious metals may help in the short term. though (and this is a huge though), they are also subject to volatility and come with their own set of risks

I think it's a little... narrow-minded to stress the importance of insuring one's own money against inflation. Perhaps what's needed is stronger, more sensible economic policies; but, this is a far bigger, stickier, knottier ball of wax than I first anticipated

Jatiluhung

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Quote from: Inwestour on July 04, 2023, 03:58:13 AM

Quote from: Jatiluhung on June 26, 2023, 01:42:14 AM

But the current situation is quite sad that it has indeed hit several countries that have experienced prolonged inflation and even the inflation rate in several countries has reached the Hyper Inflation level where the money there is almost worthless. So that residents there even have to bring a lot of money just to shop for vegetables in the market. So the cost of living in a country that is in a hyper-inflationary condition is certainly very high. So do not be surprised if the cost of living can really slowly kill its citizens in that country. because the problem is that the amount of income is less than the amount of money spent.

Countries in which inflation is very high tend to go through stages of growing inflation often, and therefore the population of these countries should study this issue. When one day their savings completely lose their value, then you need to think about it, you need to direct the savings into something that can save their purchasing power.

I'm not talking about investing now, it can be anything that can be stored for a long time and then sold, and of course it can be bitcoin. It can also be the currency of another country, which is much less prone to inflation. There are ways that can help in solving this problem, you just need to think about it before the problem occurs.

So true. Even those of us who live in a country where the economic condition is still quite good must also learn from the condition of other countries which are hit by high inflation. Because we don't know when our country will still have a good economic condition. Just in case, we must be wise in saving our assets in something that is not affected by inflation. So that the value of our assets does not decrease and I think Gold is the answer.
But if you want the value to increase but with the risk of decreasing that also exists then Bitcoin is the answer.

In fact, I heard that in several countries affected by hyper-inflation, they are starting to abandon their own currencies and are starting to switch to gold and silver exchanges, which are more stable in price and more inflation-resistant.

Inwestour

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Quote from: Jatiluhung on June 26, 2023, 01:42:14 AM

But the current situation is quite sad that it has indeed hit several countries that have experienced prolonged inflation and even the inflation rate in several countries has reached the Hyper Inflation level where the money there is almost worthless. So that residents there even have to bring a lot of money just to shop for vegetables in the market. So the cost of living in a country that is in a hyper-inflationary condition is certainly very high. So do not be surprised if the cost of living can really slowly kill its citizens in that country. because the problem is that the amount of income is less than the amount of money spent.

Countries in which inflation is very high tend to go through stages of growing inflation often, and therefore the population of these countries should study this issue. When one day their savings completely lose their value, then you need to think about it, you need to direct the savings into something that can save their purchasing power.

I'm not talking about investing now, it can be anything that can be stored for a long time and then sold, and of course it can be bitcoin. It can also be the currency of another country, which is much less prone to inflation. There are ways that can help in solving this problem, you just need to think about it before the problem occurs.

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Quote from: Bitcoin2009 on June 25, 2023, 03:03:02 AM

The ever higher cost of living makes us have to think hard in order to be able to make ends meet, and the triggering factor is inflation which is hard to control, and the best solution to be able to deal with the ever increasing cost of living is to keep looking for sources of income.

In fact, everyone is destined to be able to find a source of life/income, in order to be able to meet minimum needs, in whatever way they want to do it, but once again limitations cannot provide access for everyone to get it. The development of the world cannot be avoided by the situation around it which causes many to find it difficult to do business, plus inflation makes it difficult for all sectors to be able to get income which may be very much needed. it is already difficult to find income coupled with the higher cost of living and the price of necessities continues to increase, making many despair of this reality.

Jatiluhung

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Quote from: Mr.right85 on June 23, 2023, 07:15:40 PM

Anyway, no doubt the cost of living has got many in most parts of the world hanging by a thread. Most of the low income earners and those that live around the minimum wage. Even the rich as well are feeing a little bit of it buy somehow, humanity has always been known to survive. Luckily, trying to kill the living doesn't mean killing the living.
It's for a time and humanity will always strive.

But the current situation is quite sad that it has indeed hit several countries that have experienced prolonged inflation and even the inflation rate in several countries has reached the Hyper Inflation level where the money there is almost worthless. So that residents there even have to bring a lot of money just to shop for vegetables in the market. So the cost of living in a country that is in a hyper-inflationary condition is certainly very high. So do not be surprised if the cost of living can really slowly kill its citizens in that country. because the problem is that the amount of income is less than the amount of money spent.

Ryu_Ar1

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Quote from: YUriy1991 on June 25, 2023, 05:26:43 AM

Quote from: mu_enrico on March 07, 2023, 01:09:27 PM

The key here is your income level, the higher, the more it has resistance to bad economic conditions. We can't control the economy, but we can somewhat control our income. Look for better jobs or do multiple jobs (side hustling), if you are on the correct track, your well-being will always be better even if the economy is bad.

Your suggestions for efforts to increase passive income are highly recommended, but there are limitations, for example, if you apply for a job somewhere, you may be constrained by the amount needed, and that's a small example. Well, Wisely there are other efforts from their orders here in terms of making regional economic policies so that economic fluctuations can be minimized.

Talking about this and returning to the basic context where the cost of living kills life, I think there are indeed a number of things that we need to improve to make us survive amid conditions that are indeed very difficult for us to face at this time. Because indeed we are required to continue to survive in the midst of increasingly difficult economic conditions.
On the other hand, maybe we can suppress this in a number of ways, such as saving and minimizing expenses and not buying unnecessary things, but on the other hand, there are threats that are more difficult to avoid than the cost of living, namely lifestyle.
Sometimes this is what makes our cost of living more erratic because our dominating lifestyle makes it more difficult for us to survive and feel that the world is getting harsher.
The size of the ego that we have and trying to continue to make a lifestyle that is actually difficult to balance makes us even more trapped in an unfavorable situation.

Even if we have some income from other approaches such as side businesses and others, when we still equate the cost of living and lifestyle it is clear that it will not help because we will continue to feel lacking.

Dr.Bitcoin_Strange

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Quote from: dothebeats on June 23, 2023, 06:32:45 PM

Right now, I think it's important to know how to farm for our own food to at least help us lessen the cost of expenditures for food. Green foods are easy to farm, and can be grown even in small spaces, so there's that.

Yes, you are right. That's what most people should do, mostly those who live in rural areas where they have a lot of space to cultivate anything they want to. Most people who are living in cities mostly in rented apartments will not also have most of that freedom to plant something in a house that was not built by them. But there are still situations where one can plant some of these common vegetables in some plastic sacks, water them well, and reap a great deal of vegetables. But the truth is that most people also don't know how to cultivate those things because they have never done it in their lives before. But I found a video here on how to grow some vegetables in a sack, there are even more if one can just look through YouTube.

mindrust

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Inflation is the biggest wealth transfer scheme the world has ever seen. The poor gets poorer and the rich gets even richer. Anybody who earns the minimum wage can’t even dream of having any nice stuff anymore. The cost of living is so high, the minimum wage isn’t even enough to get you through the month. I know many adult people can’t leave their parents’ house or sharing a flat with their friends… The biggest part of the problem is overpopulation. There are too many people than the earth can’t handle. We simply don’t have enough sources to feed all those people. The billionaires are also a part of the problem but not as important.

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Quote from: Davidvictorson on June 19, 2023, 06:48:50 PM

The cost of living shouldn't kill the living please. The living should find a way to rise above the cost of living. The living should grow their own vegetables and rear theor own animals if need be. The living should find a smart way to reduce their cost. With reality now, the living shouldn't be competing for the latest car, clothes, electronic gadget. The living shouldn't take out a loan at this time. Bitcoin freedom for the living.

Living will grow their own vegetables and fruits if they have occupied some area but if they don't have then surely they will purchase these items from shops which cost more. I know if people wants to minimise their expenses then they can because nothing is impossible for anyone if one desires to do so.

If one desires to have more comfortable life then he cannot live a simple life so it will be better for us to avoid following others because everyone gets those things which are in his fate neither more nor less.

People will not involve in bad activities if they learn from childhood that simple life is better than getting involved in those activities which harms others.

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The only way to deal with growing demand during adverse economic conditions is to find ways to cut costs as soon as possible. While getting started can be tough, the reality is that we all need to cut back on spending and save as much as we can. You must understand how much you need to spend and what is necessary or unnecessary. That means every item and every expense in the house needs to be accounted for, so get a chart of your expenses for the past few months and build a simple spreadsheet. Also, identify what you can cut out and what you can cut back on. Doing these things can be difficult at first, but you and your family can save a lot in the end.

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Quote from: Bitcoin2009 on June 25, 2023, 03:03:02 AM

The ever higher cost of living makes us have to think hard in order to be able to make ends meet, and the triggering factor is inflation which is hard to control, and the best solution to be able to deal with the ever increasing cost of living is to keep looking for sources of income.

You are right that we should find sources of income to combat inflation, because in today's time, you cannot cover your expenses with one income. But in my opinion, if the government does not take care of its people, is busy in its luxury, law and justice are not visible in the country,there is no fair distribution of resources then it should stand against it. It is the responsibility of every government to provide basic necessities of life to its people. If the government does not focus on solving the problems of the people, then no such government has the right to rule over the people. Along with finding different sources of income, we also have to fight for our rights. The state is always formed by the people and the state always takes measures for the welfare of the people. No state violates the rights of its people. If the people are fulfilling their responsibilities well then the government should also realize its responsibility.

Topic: The cost of living is trying to kill the living - page 3. (Read 1761 times)