Post
Topic
Board Economics
Re: Everything is over priced but people keep spending
by
BlackBaron
on 21/03/2024, 23:19:50 UTC
I believe this is exact definition of inflationary corruption of society. Everyone knows prices are increasing but everyone also knows money they own now is more valuable than money of tomorrow. This causes people to spend their money on many different kinds of markets, so they will be avoiding becoming poorer over time. This is net negative for society, sure, but most individuals don't know how to properly invest their money anyways. Best thing they know is to spend.
People won’t live and survive if they never spend and buy their necessities in life. So that’s already given. However, if you only focus on spending and only earn from a single source of income, you will certainly become poorer and poorer in the process. That’s why taking investment is highly introduced and encouraged. That way, even if your expenses are high since the prices of basic commodities are also highly increasing, your investment profits will also be a lot of help to you to combat your financial problems.
That absolutely true, we can't just stick to one income, we have to look for other sources of income that can support our needs. By having several sources of income, We can get through the phase where the prices of all basic necessities rise due to Inflation. I think there's no harm in trying to learn new skills in addition to your main skills, using your free time to learn these new skills can provide opportunities to increase your income. If there is one source of income, it is also very difficult to divide it into several parts, including if we have the desire to invest.