Quote from: Youngkhngdiddy on November 06, 2023, 09:20:06 PM

Quote from: passwordnow on November 05, 2023, 08:33:05 PM

As a citizen, you cannot moderate the inflation. This is the job entirely of our government through policies and laws that they're going to implement given the situation with businesses and sectors that are contributing hugely to the economy of a country. A high inflation is the result of incompetent government and there's no solution to it but to replace the government officials because it's obvious that they do nothing to stop or lessen it.

Usually with these results, they're just corrupt officials and just sucking the money of the people that are generated through the taxes. There's a huge inequality with this, the poor gets poorer and the rich takes advantage of it and becomes richer. This is the system that we used to live and it's hard to deal with it if you're going to stay into that system without any change that awaits you. So as an individual person trying to cope up and beat inflation, you'll have to do that much for your own favor. It's either leave the country or work your ass off more than the usual working hours together with other jobs or income sources.

Inflation is not good as it makes the cost and standard of living even more expensive. Goods, services and commodities becomes so expensive and this makes spending to be minimal. Sometimes the poor ones who were just struggling to live through the economy now get into a more dreaded situation because they find it more difficult to afford daily petty needs and then they're just left there with still their minimal income and inability to survive comfortably.
For the salary earners, they keep securing their monthly pay that's dormant unless in situations of promotions at workplace but still have to live through with the same income even as the cost of their daily living gets high budgets will drop, financial goals and plans would be reconsidered because everyone is made to rethink on their spending just so they won't be stranded when rainy days come. A more stable economy, good leadership would help minimize the rate of inflation but if not, the surviving strategy for the country would be tough.

Inflation, I agree, is a serious issue. It's not just a number that ticks up; it's a real pain for people, especially the poor. When prices go up, the cost of living skyrockets, and that's a problem. Goods and services aren't just commodities; they're necessities, and when they become more expensive, spending dros. It's basic economics. The poor, who are already struggling, find themselves in an even tighter spot. They can't afford the basics, and that's not just bad; it's unacceptable

For salary earners, it's a similar story. They get their pay, sure, but it's worth less and less as inflation climbs. Budgets shrink, financial goals get pushed back, and spending has to be rethought. It's tough out there, and I see that. A stable economy and strong leadership are key to minimizing inflation. Without them, the survival strategy for a country is indeed tough. I've seen it in business; when costs go up, you have to adapt quickly or you'll be left behind. It's the same for a country. We need to be smart, we need to be tough, and we need to tackle inflation head-on