Post
Topic
Board Economics
Re: Standard of living
by
TheNineClub
on 10/06/2022, 07:59:21 UTC

So i would like to know what the standard of living is like in your country now compared to five years ago. Was there any sharp difference in the standard of living pre pandemic and now. If there is a great fall in the standard of living in your country, have there been any move by the government and employers of labor to alleviate the sufferings of people. People who live in Ukraine, if you don't mind, i think a lot of people would want to know what it is like there too since the war began.


The thing with my country is that we really didn't have much impact from the pandemic and we are still waiting for the war impact, but what has changed most in the last 5 years is that a cascading effect that has been going on for the last 15 years and has risen the prices of real estate to the point where incomes could not follow. And the worst thing is that it just continues without it looking like a bubble that's going to burst, rather a continuous surge of prices due to a lot of people inheriting real estate in attractive locations, selling it to foreigners, and then buying more real estate elsewhere in the country.