Topic: The cost of living is trying to kill the living - page 6. (Read 1771 times)

This is actually the reality, if you're still studying and have a mindset that if you have a degree you would get a high paying job which is ain't true. If you lack the communication skills and having connections then for sure you would be stuck at being unemployed. Just imagine this you're not only the one that are good and talented that attained degree, so you need to build up your social ability to survive the working industry.

Knowledge itself won't do good if you don't have the strategy and hard work to pursue those dreams. I still believe skills is better than knowledge because they are most likely to survive in this industry.

I don't say that people shouldn't study, if you are a person who wants to become a doctor because your are passionate about that, then you should definitely become a doctor but if you find it hard to become top in uni in your niche and you are bad at communication, networking, etc and you only study with the hope that you'll get a high-paying job with your degree, then you'll fail.
It's very true that most electricians and plumbers earn much more than most people with bachelor and masters degree. So many people with degrees aren't necessary today, we need skilled people in trades job.

Do you really expect the one who made the mess to fix it? How can the government, which is the problem, to be the solution? On the example above of 'co-ops' we can see that citizens had to take action by themselves because the government failed doing so. And if they just waited for a solution from the government they would have probably starved to death or wouldn't be the strong nation they are today... While weak nations rely on foreigners and authorities to solve their problems and supply their needs, strong nations have independent citizens who organize minor associations among themselves to minimize or solve issues their governments aren't handling efficiently.

If the government or the state has cooperated with the mafia, that's what happens, the economy for the common people is always covered with inadequacy, even though you work in the government, still your income does not cover your living needs, not to mention you tie up with bank credit and so on.

Life in Europe and the Middle East is different from an economic point of view, Asia is bad for that, because many goods and daily necessities have been controlled by the mafia, they can raise prices at will, without caring about people's income plus the corrupt government is really messy from an economic point of view.

If the government is unable to eradicate the trade mafia, there is no story that the country's economy is improving, what's more, the government is not thinking about managing natural resources, that's even worse, the government only knows taxes, on certain products, it will happen that the rich get richer and the people get more miserable. Countries that rely on income from taxes, these countries have the worst economy and miserable people, without being able to manage natural resources in their own country, only relying on preparations from other countries.

Even if this inflation, crisis passes, it will return soon in the future, and our lives will become more and more difficult if we are not prepared for it. We should not depend on the government or anyone, but save ourselves by accepting the realities and finding ways to adapt to them if we do not want to be eliminated.
And the only solution to this is to generate extra income in every possible way, instead of lamenting, I will work harder and accumulate more assets with potential for future growth instead of just saving and holding too much fiat.

In many parts of the world, the cost of living has risen and continues to rise. Working people are slightly better off than non-working people. Families with children are more affected. In such situations, additional sources of income are of great importance. Of course, it is not easy to find and earn this additional income, but the world is now telling us that we must do it. As economic difficulties continue, the quality of life decreases. We must constantly improve ourselves to prevent this.

Banks raising interest rates and people not being able to repay their loans easily is also a big problem. Many people cannot get loans because of high interest rates. I don't know when this bad situation will end, but many banks are taking advantage of high inflation and are opportunistic.

Even for some middle class people are also experiencing difficulties at this time, apart from not developing the businesses they run are also affected by the economic crisis. So that people's needs are no longer balanced in spending money and as a result many businesses have gone bankrupt because there are no customers who buy and in the end finally the business was forced to close because it was unable to survive in conditions like now.

All businesses are experiencing bankruptcy and it is increasingly difficult for people to get out of the economic crisis that is happening, while the need for education, health and other costs needs to be prepared amidst the inability of people to spend money to cover the costs of daily needs.

The increasingly difficult life that is happening in almost all countries, inflation, recession and economic crisis have become a serious threat to the survival of most people. Basic needs rose uncontrollably and the situation got worse and jobs were no longer available for some people, while the rising needs never went back down, resulting in an imbalance of income and expenditure for the entire population today.

yeah right. at least those of us who still have income are still quite lucky because we can still fulfill every need we need. And sometimes looking down is necessary to make us more grateful for our personal circumstances.

Inflation has now decreased in several countries but the current recession is increasingly haunting every country. In fact, dozens of countries in Europe have almost entered a recession. while in Asia the economy can still be said to be quite good. so that here the economic difficulties have actually faded.

I think that's the question to be asked, do we not deserve a life like that? I mean should we be always worried about having trouble and barely making ends meet as a decent worker?

You shouldn't need to be a surgeon who saves lives, or a business owner that risked capital, you could be an accountant, a teacher, a sewer worker, a mechanic, bookstore clerk, or whatever you can think of, and you should be able to make a living enough to not worry about rent and food and bills, those three things are set every month, we will pay them every month and even that's hard, and I am not talking about actually living, like going out with friends, drinking a bit, just once a week maybe, or having a good time on a vacation of something, those are very important things and dream for most people.

Day by day increase in prices of goods is making people's lives miserable. The goods which were earlier within the purchasing power of the people are now beyond the purchasing power of the people. A father from a middle class family knows how to manage his family. Apart from managing their own family, children's education expenses, parents' medicine expenses, a middle class family has to live a very difficult life. Cost of goods may not be a big issue for those who have very good monthly income but for a middle class government employee or officer it is a lot of concern. Once the price of a commodity increases, the price of the commodity never returns to its previous level. Everything was fine if the salary of every employee or official increased with the increase in the price of goods then there would be no impact on anyone in running a family.

I think inflation occurs in many countries,
and indeed sometimes we are always frustrated with the current economic situation which always continues to decline, but of course we have to face it with patience and sincerity.

and I think we also have to learn to buy and only buy the essentials.

but we also have to see people who are unemployed with the aim that we can be grateful for what we get.

sometimes I always think that even people who have a small salary are tired of inflation, especially people who don't have a job (unemployment).

Cutting costs will not only solve this problem, When there is price inflation, the price of goods and services increases while your salary remains the same. No matter how you cut costs and depend only on your salary to survive, it is going to be difficult to survive in such an economic environment, but the escape route to this is having multiple streams of income.

Where government needs to play a very important role in such a harsh economy is in subsidizing the transport system, this will help reduce the high cost of living, If there is a high cost of transportation it will automatically affect all sectors of the economy, using my country for example, the recent high cost of PMS which hike the price of transportation has worsened the situation.

Even the owner of the company is also stressed about the impact of ongoing inflation because the company's financial management is not optimal and in the end many employees are fired to reduce the company's financial expenses, so his opinion above is very inappropriate because he can survive with the impact of inflation forever and he may earn high from his current job .

The government has an obligation to overcome the impact of inflation that occurs in the economy. Many steps of government work must be implemented to overcome the effects of bad inflation, the government must encourage local products, maintain price stability so that people's purchasing power is still sufficient, the government must be able to control imports so that the prices of local goods remain stable.

While this is inspiring at best, I don't think this is the right way. You have the government to rely on when things go south economically. You can't expect the common joe to do contingencies that will slow down inflation so things could be easier for their citizens, it's the job of the government! Not to mention the fact that most of these issues stem from the government's failures anyway, so why should it be that the citizens clean up for the authorities' mess?

I guess this would work well in times of great need but as of now when things could still be staunched, PMAs should be your last option and the government should be the first. Make them do something lmao we elected them or a reason in the first place.

i couldn't help but laugh out loud when I saw the topic. The truth be told, its getting really serious but its not new as it has happened before. Rather than push the government whose priority seem different from the masses, it'll be ideal to look inwards, look towards the solution and learn from the previous experience and how it was solved. We can then leverage the information to create an advanced solution, better than what was done previously.

I understand what you're trying to say mate but you should know as well that your job is not going to support you permanently as that is just a temporary one even if we say you're already a regular at your job or does have an authority over the others which make you higher. Unless you are the owner of the company and does have a vast network of investments, then you can somehow say that you can really survive without worrying about the inflation because you are always producing funds even if you're sleeping.

In this era everyone is thinking about their own benefit and avoid the happiness of others so same is the case with government that whenever corruption initiate in country then the fate of that county become worse because citizens of that country are deprived of the useful material that will be beneficial for life.

It is true that a common man works by himself day and night but alone he cannot do anything without the help of government so I think that corruption should  be avoided if someone wants to have a prosperous country. The salaries of government are enough to make their life satisfied and they also gets opportunities which a common man does not have so there is no need to get more money through corruption, hence Thinking about citizen is also a responsibility of government.

It's true that the cost of living is rising all around the world. Food prices have been on the rise for several years now, same goes for beverages, energy prices and rental prices. The companies state standard arguments like covid and the Russia Ukraine war as a reason for the price increases. I wish the consumers would be more critical about the price increases and try to challenge the companies more. It can't be that every sector needs to increase prices 30-50% over 2 years. To me it rather feels as an easy way for company to boost their profits as they think they have the power of the consumer. But the truth is that we the consumers have the, if we would work together and boycott companies that raise prices to high. For most products there are alternatives that we could switch to if we look for some. Unfortunately most people are still willing to pay the premium to buy brand products. We have a weekly market in my city that sell produce from local farmers at cheaper prices than the supermarkets. In case more people would buy locally and buy less from the big chains we could force them to rethink their price strategies. Only a few weeks of staying away from certain products would pile up so much inventory that the company would need to lower prices or the warehouses would overcrowd.

I think it is not "that" different in most of other nations as well, not really that different in my country too. The logic is that if you are making a salary, then you shouldn't be able to live a great life, it just doesn't or will probably never happen. I think it is quite important to just focus on what you could do with it, and learn how you could get out.

There is a reason why there are so many authors from so many different nations that keep on writing books about how you could make more money if you got out of the 9-5 lifestyle. Sure maybe yours is worse than others, but doesn't make other nations a great place to live with a salary neither, believe me because I know millions even tens of millions having debt and barely surviving in my nation as well.

The government has an obligation to help the people especially for those unfortunate individuals, but know that there are a lot of those living in a country, so expect that the government cannot cater them all in an instant. Instead, do not wait for the government to help you. Go and find opportunities on your own. That way, you can always create a progress for yourself even without the assistance from the government.