Post
Topic
Board Economics
Re: i was right people have no more money
by
michellee
on 06/02/2022, 10:48:00 UTC
What you just wrote is known as confirmation bias. The videos talk about the increase in prices, which is relatively recent, and that makes people have less disposable income, but from there to saying that people have r
run out of liquidity, there is quite a long way to go.
In my locale, they say just as OP has said that there is no money, but people are still building Houses, buying assets, buying cars and there's no money, if you visit club houses, people are in still in attendance in their large numbers spending money quickly in the name of clubbing. If people no Longer have money as OP claims, how are all these activities still possible? If it's the case of inflation prompting this topic, i need to highlight that we should all also remember that inflation favours some people, to those people, there is no shortage of money.
Those people who said they do not have money can borrow money from the banks to build houses, buy assets or use them for another purpose. But some people who say do not have money can say the truth and they do not buy anything except their needs for daily or monthly.

People still work as usual, although some of them work from home but the truth is some of them are still making money although it is difficult from the past few years ago before the Covid-19 attacks. But the inflation will be there and that depends on how they can minimize the risk and not consume unnecessary things that they really do not need. If they can do that, they will have more money to survive and will not have a problem of no money because they already prepared themselves.