Cost of living

[0t3p0t]

I believe that the cost of living increased and we just need to adapt to it. Due to covid and the current wars the price shoot up and the wages did not mirror it. It will generate more inequality of course, however, I personally believe that there responses/projects in the web3 sector that can help tackle that issue.

Bitcoin is the solution for this issue because it is not affected by inflation and other factors affecting the cost of living. I think most of us know about this that prices are rising too high and wages stays where it was before and I don't think we like that not unless we don't care about it or we know nothing about a possible solution.

[bitterguy28]

Bitcoin is the solution for this issue because it is not affected by inflation and other factors affecting the cost of living. I think most of us know about this that prices are rising too high and wages stays where it was before and I don't think we like that not unless we don't care about it or we know nothing about a possible solution.

if we were to save money, its value is going to deteriorate over time as expenses increase but if we save our money in bitcoin it will not only not deteriorate but it will also grow over time that is why i believe that long term holding bitcoin is the most beneficial and smartest thing we can do to ensure our future from today

saving your money in the bank alone is not going to help your money grow as much as bitcoin does

[Agbe]

This one na major problem wey almost everybody for this country dey face but the truth of the matter be say the so called government no dey carry out their functions, the government of this our country dey selfish and self-centered dey no care about the people wey for the country because all these things wey dey happen no dey really affect. Well na God na em be our sustainer and no matter how everywhere red reach we go still survive.
 

please do well to create thread that is related to Nigeria on the Nigerian local board as this forum is made up of people from different parts of the world that is the more reason that the various local boards where created so members of this forum can discuss issues disturbing their  locality and not bring it here it to the general space , I know the country name is not mentioned but I know you're referring to Nigeria. Then back to the question about cost of living the fact is that there are universal economic principles guiding the world as any nation that don't understand these law's are bound to fail and have problem with their Economies which will make the cost of living to be high.
Any nation that is not productive but always import what ever they need will definitely experience high inflation rate which on the long run Will give rise to high cost of living, the problem with Nigeria is that we are not productive enough to meet our immediate needs as virtually everything that we make use of in the country is imported and so our local currency is bound to get week over time, the solution to this current economic problem is political until our political leaders come together and become simpathetic to the plight of the Masse's nothing will change, government every level need to creat an enabling environment for economic activities to grow and this can happen through industrialization as there's need for government to set up industries in the country that will be into production of goods services as this is the only way forward

[Jaycoinz]

The cost of living has become a major concern, people are being affected on a daily basis both rich and poor. The rich are also included because there are certain necessities they purchase that are now of high cost or value, an example is petrol, it's sold nothing less than a thousand naira for a litre, so if you want to consider filling the tank of your vehicle you might spend up to 10 thousand naira daily, this has also made the rich complain even though they can afford it. The inflation has affected poor people more, they can't even afford their basic needs anymore, of this catastrophe last for five years will there be any chances of survival for those that are poor? The economic situation is bad but we all must continue to work hard and hope for better days ahead

[bitterguy28]

The rich are also included because there are certain necessities they purchase that are now of high cost or value, an example is petrol, it's sold nothing less than a thousand naira for a litre, so if you want to consider filling the tank of your vehicle you might spend up to 10 thousand naira daily, this has also made the rich complain even though they can afford it.

the difference is that the rich will complain but they will still buy it and continue to live the way they are living meanwhile the poor are getting poorer and they won’t be able to afford life as it is that’s a pretty big difference that must be addressed

The economic situation is bad but we all must continue to work hard and hope for better days ahead

sometimes working hard is still not enough the government must do something to regulate the cost of expenses and make living life easier and affordable

[0t3p0t]

Bitcoin is the solution for this issue because it is not affected by inflation and other factors affecting the cost of living. I think most of us know about this that prices are rising too high and wages stays where it was before and I don't think we like that not unless we don't care about it or we know nothing about a possible solution.

if we were to save money, its value is going to deteriorate over time as expenses increase but if we save our money in bitcoin it will not only not deteriorate but it will also grow over time that is why i believe that long term holding bitcoin is the most beneficial and smartest thing we can do to ensure our future from today

saving your money in the bank alone is not going to help your money grow as much as bitcoin does

Exactly and the growth it will give is way to high compared to interest offered by local banks. Here in our country which has the rising inflation, I think it is reasonable to hold Bitcoins if we are trying to protect our assets value over time because I know this is just the beginning as we all know it will gets worst in the long run.

[Sim_card]

Bitcoin is the solution for this issue because it is not affected by inflation and other factors affecting the cost of living. I think most of us know about this that prices are rising too high and wages stays where it was before and I don't think we like that not unless we don't care about it or we know nothing about a possible solution.

if we were to save money, its value is going to deteriorate over time as expenses increase but if we save our money in bitcoin it will not only not deteriorate but it will also grow over time that is why i believe that long term holding bitcoin is the most beneficial and smartest thing we can do to ensure our future from today

saving your money in the bank alone is not going to help your money grow as much as bitcoin does

Bitcoin has come to give us the opportunity to save our hard earned funds from inflation because bitcoin is a store of value. This is the more reason why people should take advantage of it and keep their savings in bitcoin instead of bank for their retirement sake. Banks are only after keeping your money and use for business to gain profit unknown to you without giving you any good profit, but bitcoin will give you good profit in the long run if you invest in it and still sustain the value of your funds for you.

[_act_]

Our cost of living should compliment the source of income we are having, then we shouldn't forget that we may also have to be saving up for the future when we have some extra money with us, our cost of living must not be more than what we earn in two weeks out of a complete month, if not so, then we need to plan and reschedule our budget to be in line with the earnings which we make for a living.

[kulkhan]

The cost of living has become a major concern, people are being affected on a daily basis both rich and poor. The rich are also included because there are certain necessities they purchase that are now of high cost or value, an example is petrol, it's sold nothing less than a thousand naira for a litre, so if you want to consider filling the tank of your vehicle you might spend up to 10 thousand naira daily, this has also made the rich complain even though they can afford it. The inflation has affected poor people more, they can't even afford their basic needs anymore, of this catastrophe last for five years will there be any chances of survival for those that are poor? The economic situation is bad but we all must continue to work hard and hope for better days ahead

Yes cost of living is major things of our life. And day By cost of living being high to hire. Also being difference between poor and rich. I think to come back from this situation need hard work.

So i think we have to ward worker to manage our living cost. Then we will able to maintain our living cost.

[rachael9385]

I believe he's a newbie. This post shouldn't be here that's why it is very important to follow rules and regulations go round the forum, tour and know where to drop your topics.

[_act_]

Cost of living varies and this is mostly being affected by the location we find ourself, many are now as at early this year inflating their rent charges, and this are assets that have been longed built and they for nothing sake only for the benefit of being a holder or authorized and legal owners, all these without us giving more observation on will leads to the inflation we are talking about and this will directly have effect on cost of living.

[Chilwell]

This dependence on the government leads to laziness, as people are unwilling to work hard to earn a living and prefer to rely on government support for their daily needs.

I think you're right, the ones who depend on governments often become lazy and they don't put any effort to earn a living for themselves and for their families. People in some countries prefer to work as a government servant and they proudly say that they're working for the government.

I believe that a person should not rely on government to look after his/her daily expenses. A person should be at least self-sufficient enough to earn bread and butter for his family and for himself. Someone who's doing that won't have to worry even if he gets no money from government.

Exactly, depending or relying solely on governments make some individuals to become lazy, some people prefer working for government than putting their efforts on something else apart from being a civil servant. While government jobs are available, they are not a guarantee for everyone, especially considering the high unemployment rates in many countries.

I know that in some countries the economic has been rough for a lot of individuals, but we don't have to depend or rely on the governments for our own stability. Instead of waiting for government employment, individuals can take initiative to create their own opportunities, start businesses, or develop valuable skills to earn a living and support themselves financially. This self-sufficiency is crucial, especially during economic downturns when government support may be limited.

[Agbe]

This one na major problem wey almost everybody for this country dey face but the truth of the matter be say the so called government no dey carry out their functions, the government of this our country dey selfish and self-centered dey no care about the people wey for the country because all these things wey dey happen no dey really affect. Well na God na em be our sustainer and no matter how everywhere red reach we go still survive.
  The current situation of our economy is a major in the retarded lifestyle of the people, it's affecting all from top to bottom but the difference is in just it's level of effect. The country's resources are just kept unutilized and it makes for poor revenue and in turn depreciates the economy.
  It's very much difficult to afford a comfortable meal as a person talk  more of a home with children, where they'd have to pay numerous bills and yet still there's no improvement in their income neither is there improvement in their means of survival. The whole situation keeps getting worse by the day, there's a solution before us but sadly it just can't be upheld and worked on. The backwardness continues and one is left with no other choice than to manage life in a nation that's very much filled with resources for her citizens to live in affluence.

I guess you're new to this forum because in this platform we have different boards for specific topics and from your writeup I can tell that your from Nigeria so please do well to post it on the Nigeria local board as it will make sense over there and again you don't specify the government and country your talking about so it will be difficult for people to make sense out of what you're talking about because this is a general board with people from all over the world

[rachael9385]

Bro from your topic I can draft it all. But I think a post like this should be posted on your local board.
But things are getting worse everywhere and there are problems between leaders also I think the leaders of any country must be in unity for the country to stand.
Cost of living in this modern world is a very big shame to talk about.

[MUGNIA]

The cost of living has become a major concern, people are being affected on a daily basis both rich and poor. The rich are also included because there are certain necessities they purchase that are now of high cost or value, an example is petrol, it's sold nothing less than a thousand naira for a litre, so if you want to consider filling the tank of your vehicle you might spend up to 10 thousand naira daily, this has also made the rich complain even though they can afford it. The inflation has affected poor people more, they can't even afford their basic needs anymore, of this catastrophe last for five years will there be any chances of survival for those that are poor? The economic situation is bad but we all must continue to work hard and hope for better days ahead

The opportunity to live is still there even though you have to try harder, because poor people will continue to try to stay alive, by working and only focusing on their daily needs, I think they will be able to survive and get through difficult times,