While growing up things were quite easy, an I also know that life was also easy for the common man, not until 2018 that things start changing for the worst, from then till now the rate at which inflation have struck my country to an all time high is so alarming.
Everyday price of things keeps on changing but the salaries of a civil servants still remain the same, the money that we use too feed from, buy water, pay rent, pay for light an even save from, now it can't even service our monthly needs for even half of the month.
Most times I feel for people that have many children because too get basic needs in today's economy is very difficult,
the annoying part is that the government an it agencies are doing nothing or less about the cost control of goods and services in the state.
An this has created a torn in the lives of many as situations keeps on getting worse by the day.
Am wondering if it's same experience in other part of the world.
I mean it's a big problem around the world even some of the biggest country experience inflation, and I guess there is just no way out of it. I mean we already see a lot of countries that suffer from this, I remember watching it on the news when people started to do riots, and the crime rate there was already so high plus thieves are everywhere because of the country's inflation problem. In my country the inflation was really a big hit, I remember when I was just a student 100pesos here is already a big amount of money, with that 100pesos I can already buy everything that I needed like food, fees, jeepney fare, etc. But now you're gonna need around 300-500 pesos to be able to live somehow comfortably as a student. Even on groceries something like 500 pesos you're already going to buy a lot of groceries, but now your gonna need around 3000 pesos just to buy the basic needs of groceries.
If you not going to do anything you could easily get eaten by inflation, but there is still some way around it, having multiple income streams, and as well as keeping your money out of the bank, you just need to make your money work something like a business.