Cost of living

[DrBeer]

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.

Yes, bitcoin is looking attractive right now. But it has one peculiarity, and I would classify it as a disadvantage - at the moment, it is purely speculative value formation, as it does not create real value (we do not count the energy spent and equipment for mining). Assuming that bitcoin will continue to grow, it becomes an asset for accumulation, but not for daily use, and at a high price it will cease to be available to the masses of the population of our planet. Which will make it accessible and profitable to a limited number of people

[Agbe]

The governances of nowadays are becoming Wilder and the masses are left with no choice to adapt to the harden situations it brings.
The economic projections of the nation is gradually depreciating whereas the welfares of the masses are no more termed priority while the leaders are consciencelessly feeding fats on the public funds while the masses are crumbling disasterously even while there are revenues enough to ease the massive economic rupt.

cost of living is now a global issues in the world right now with many countries experiencing high inflation rate that has made the price of goods and services to move up making it difficult for the poor masses to survive, government all over the world has failed in this aspect as all what they are doing is lip promises and the people don't really see what the government promise them, government should come up with short and long term solutions to solve the problem of the high cost of living

[bisdak40]

The governances of nowadays are becoming Wilder and the masses are left with no choice to adapt to the harden situations it brings.
The economic projections of the nation is gradually depreciating whereas the welfares of the masses are no more termed priority while the leaders are consciencelessly feeding fats on the public funds while the masses are crumbling disasterously even while there are revenues enough to ease the massive economic rupt.

cost of living is now a global issues in the world right now with many countries experiencing high inflation rate that has made the price of goods and services to move up making it difficult for the poor masses to survive, government all over the world has failed in this aspect as all what they are doing is lip promises and the people don't really see what the government promise them, government should come up with short and long term solutions to solve the problem of the high cost of living

Yeah because of the high inflation rate, it's been tough to keep up with prices where we can barely buy our basic needs and it feels like no matter how hard we try, our money just doesn’t stretch far enough. It’s getting harder every day.

[0t3p0t]

Yeah because of the high inflation rate, it's been tough to keep up with prices where we can barely buy our basic needs and it feels like no matter how hard we try, our money just doesn’t stretch far enough. It’s getting harder every day.

Especially here in our country inflation rate is quite high and that really hurts those who are earning below minimum wage. As a single independent guy I am all good because I can do as frugal as I am but for those who have kids like more than one kid it's difficult. I can see how hard it is because my neighbors they all got kids more than two and I felt their struggle debt is inevitable even though there are frequent financial aid from the government. It does tell us how much the value of our money right now compared to the prices of basic needs in the market. This is the reason why I don't keep money in fiat as it depreciate pretty fast. I personally do not have cash on hand I keep them in crypto though just a small portion of my weekly rewards here on the forum but it's better than keeping fiat. I only withdraw if I needed to but if not then it's not an option.

[Rruchi man]

Yeah because of the high inflation rate, it's been tough to keep up with prices where we can barely buy our basic needs and it feels like no matter how hard we try, our money just doesn’t stretch far enough. It’s getting harder every day.

When there is inflation and you find yourself in the position where you are at the receiving end of everything, shifting your position by aligning yourself to become a wholesaler or producer can be the one way to survive. If you find yourself in a position where practice of agriculture is possible, please find a way to practice, and if it is commercially, it is even better.

We have too many people abandoning production and just becoming consumers; with producers becoming scare, their goods become more valuable, leading to price increments. With more producers, inflation can be curtailed.

[0t3p0t]

Yes, bitcoin is looking attractive right now. But it has one peculiarity, and I would classify it as a disadvantage - at the moment, it is purely speculative value formation, as it does not create real value (we do not count the energy spent and equipment for mining). Assuming that bitcoin will continue to grow, it becomes an asset for accumulation, but not for daily use, and at a high price it will cease to be available to the masses of the population of our planet. Which will make it accessible and profitable to a limited number of people

Well yeah I agree. That is also what I've thought because it will soon be very expensive but maybe Altcoins will solve that problem but if we really insist on accumulating Bitcoin then that's hard because one thing to anticipate is the transaction fees then it's price which is not for everyone.

[Flavour]

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 completely agree with you, from the way you spoke I already know about the country you are talking about😂😂. The economy is actually very, everyone is just surviving to make ends meet

[libert19]

I don't know about other countries but here in India, things are lately indeed gotten expensive but then again people are also earning significantly more, so I guess it evens things out.

[bitterguy28]

I don't know about other countries but here in India, things are lately indeed gotten expensive but then again people are also earning significantly more, so I guess it evens things out.

i think almost every country is now seeing a price increase inflation is felt everywhere but if your wages are increasing proportionally with the expenses then that is good when the salary is increasing it is expected that the expenses would also increase the problem would be if the salary does not increase despite the constant rise of price of good like in my country which is why a lot of my country men are now switching and moving to other countries because their salaries are higher compared to in my country

[Didia Sofunichi]

The government is not just irresponsible, the government is mean, cruel and unsympathetic.

They see collective wealth as personal parimony, most regrettable is the fact that there's no help on sight

[Uruhara]

I don't know about other countries but here in India, things are lately indeed gotten expensive but then again people are also earning significantly more, so I guess it evens things out.

The same thing also happened in my country, friend. Where the prices of basic necessities have increased quite drastically but on the one hand I see that people here are still able to meet their living needs. So that the situation of people is not affected by inflation which occurs in quite drastic price increases. And maybe because there is a balance due to income which has also increased quite a bit.

[Didia Sofunichi]

The governances of nowadays are becoming Wilder and the masses are left with no choice to adapt to the harden situations it brings.
The economic projections of the nation is gradually depreciating whereas the welfares of the masses are no more termed priority while the leaders are consciencelessly feeding fats on the public funds while the masses are crumbling disasterously even while there are revenues enough to ease the massive economic rupt.

When a person comes into a system, he becomes a hostage to that system. If he tries to go against the system, the system will reject or destroy him. So there is no choice here - either go with the flow, or simply do not enter this river

I agree with you, the ruling class grow fat whereas the mass are swimming in abject poverty. This account for the series of protests and strikes in Nigeria

[Joeboy]

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.

Cost of living is something that is prevalent around places in the world. The government keeps promising us of a better tomorrow, but day by day, things politics is being played under the guise of genuine leadership.

[bisdak40]

I don't know about other countries but here in India, things are lately indeed gotten expensive but then again people are also earning significantly more, so I guess it evens things out.

i think almost every country is now seeing a price increase inflation is felt everywhere but if your wages are increasing proportionally with the expenses then that is good when the salary is increasing it is expected that the expenses would also increase the problem would be if the salary does not increase despite the constant rise of price of good like in my country which is why a lot of my country men are now switching and moving to other countries because their salaries are higher compared to in my country

Yeah, I totally get what you're saying. Prices are going up everywhere, not just in one country. If salaries go up along with the cost of living, then it's still manageable. But the real problem starts when prices keep rising and salaries stay the same. That’s what makes life hard. That’s also why many people from my country are leaving to work abroad because they can earn way more than what they get here.

[Dr.Bitcoin_Strange]

If I am not mistaken you are pointing out to the government that they are not taking action on food and other necessities prices are going up, and they aren't helping us. Also I'm not really sure what place you are referring to but I will just generalize it because mostly we have a common perspective in government, with which I agree and disagree because the government is doing their stuff but we can't see it but at the same time we need to take care of ourselves and not rely on them as we get starved. Instead of wasting our time mocking the government, let's find another opportunity to earn money rather than just keep monitoring the government's next move.

I do agree with you. Here in our country, many people disagree with the decision of the government because they do not see any improvement in their lives. These kind of individuals rely on the government to take action instead of taking the initiative themselves. 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.

It’s very advisable for one to have what they are doing or what brings food on their table without fully depending on the government.
Any individual that has the mentality of depending on their government alone without having other means of survival, is ready to face whatever consequences that has to comes their way such, which it will bring in poverty, starvation, also they might go begging on street if they are not careful, because government provision is not certain and even if they bring opportunity, it’s not certain that it will be for a long term.

So to avoid such situations, they have to be able to start up something that can beneficial to them and will sustain them when things doesn’t fall in line with their needs.