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Topic: Why is life getting so expensive? - page 3. (Read 1017 times)

full member
Activity: 236
Merit: 250
September 10, 2017, 12:34:38 AM
#12
Few years ago I was able to buy all I need to survive for €100 ($120) a week (rent not included). Today I at least need €200 ($240), although I mostly buy the same stuff as before. What do you think is the reason and what implication does it have long term?
Go through the items and find the ones that are costing a lot. Then decide if it's worth buying or if it's better to do without/cut down use or go for a cheaper alternative.

I assume you're not counting utilities since it doesn't take much of a mining setup to cost that much to run, although in that case I presume you're getting substantially more out of it.
member
Activity: 100
Merit: 10
September 10, 2017, 12:18:13 AM
#11
The rise in prices - inflation - is an age-old phenomenon. Economists disagree as to what its causes are, though it is fairly widely accepted that it is in part influenced by variations in the money supply.

Central Banks are in charge of monitoring the inflation rate. The U.S. Federal Reserve and the European Central Bank usually target a core inflation rate of 2% (that is, prices grow 2% over a year). They can manipulate it by adjusting the interest rate at which they lend money to banks, among other things.
full member
Activity: 308
Merit: 101
FXPay.io
September 09, 2017, 11:24:20 PM
#10
I think that life does not become more expensive, but the value of currencies becomes more expensive. Previously, we had a minimum salary of $ 100, and now $ 128 and, accordingly, slightly increased prices for everything else.
I agree with what you say, because what I experienced like that ..
my pay raise can not change my money, the steadily increasing cost of basic commodities impacts my monthly or weekly expenses
1% that I can allocate to save.
hero member
Activity: 1061
Merit: 502
RIP: S5, A faithful device long time
September 09, 2017, 10:46:48 PM
#9
inflation is the result of all social and economic problems

Yep, investing 1500 mh/s on ethereum -> 115 dollars/24h. Climate in North is more stabile.
hero member
Activity: 1061
Merit: 502
RIP: S5, A faithful device long time
September 09, 2017, 07:06:21 PM
#8
Yeah, its rich mans world.  Undecided
newbie
Activity: 28
Merit: 0
September 09, 2017, 06:36:04 PM
#7
inflation is the result of all social and economic problems
full member
Activity: 196
Merit: 100
September 09, 2017, 01:42:02 PM
#6
we in tunisia(North Africa) are facing the same problem. since 2011, Prices have been multiplied by 2 and sometimes by 3. Life here is getting worse and our currency 'Dinar' has become very low compared to Eur or usd Sad
full member
Activity: 518
Merit: 145
September 09, 2017, 01:40:18 PM
#5
Standard of living is getting higher, new innovations sparking up lot of things and probably people are getting more greedy.
newbie
Activity: 79
Merit: 0
September 09, 2017, 01:13:26 PM
#4
I didn't know, but one thing for sure live it's mean to survive and the population continues to grow while the number of jobs is small and income is not proportional to the job. need something update
full member
Activity: 187
Merit: 100
September 09, 2017, 11:44:48 AM
#3
I think that life does not become more expensive, but the value of currencies becomes more expensive. Previously, we had a minimum salary of $ 100, and now $ 128 and, accordingly, slightly increased prices for everything else.
newbie
Activity: 3
Merit: 0
September 09, 2017, 11:37:22 AM
#2
Because life only once Cool
tyz
legendary
Activity: 3360
Merit: 1533
September 09, 2017, 09:28:40 AM
#1
Few years ago I was able to buy all I need to survive for €100 ($120) a week (rent not included). Today I at least need €200 ($240), although I mostly buy the same stuff as before. What do you think is the reason and what implication does it have long term?
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