The recession really has a tremendous effect, especially in certain countries. This affects many parties, not only people who already have heavy dependents but also young people who also have to give up their pleasures a little. In fact, the consequences of this recession are unavoidable, everyone has to face it, somehow. Rearranging finances, controlling excess activity especially just for temporary pleasure, trying to get income from other sources of income, and others. I see many people complaining because their income is fixed while expenses are very high and increase due to rising costs and prices of any kind. And when you want to get additional income, it is not as easy as we expect.
Indeed this is not easy, but it is very necessary, especially on this one point:
- 28% are planning to reduce holiday spending
during pandemic and the long lockdown experienced by almost all people in the world, many of us had the chance to contemplate on many things in life. and this catapulted to change of lifestyle to many people. many people change their priorities in life and live simply. i guess, this recession won't be hard to many of us now as we experienced a lot of setbacks in the past couple of years. and learned what are the important things in life that we can devote on.
in fact, there are still many people who are wasting money after the lockdown was relaxed during the pandemic, they feel free as if they were living a new life when Covid-19 was declared to have entered the green zone. Carrying out activities as usual is even more wasteful to spend money in shopping centers, vacationing like people who are taking revenge because they have been confined for a long time due to the lockdown. but this time there is a threat worse than a global recession that could destroy the economy. Some adults certainly think of dealing with this recession in their own way, who are worried that if the value of a country's currency is not valuable, there will be threats of poverty and hunger due to high prices of various commodities due to inflation.
it's good we should also try to use vacant land to grow crops to anticipate a very bad economic collapse if the currency of the country we live in becomes worthless
At first glance I once read an article that one country became poor because the local currency was worthless, bought 1 kilogram of tomatoes with a few piles of money they had