Post
Topic
Board Economics
Re: Everything is over priced but people keep spending
by
shield132
on 29/03/2024, 09:54:49 UTC
The cost of things has gone up so much so that it's glaring. Imagine paying 5-12$ for an average meal you could get before for 3$. The jump cost is extremely high. Cooking a meal at home can cost you the same amount you would spend on eating in a restaurant. Funny enough people still afford all these things without complaining. My anger is that we make money to spend it all into our normal life expenses. It's difficult now to save or invest unless you part of the rich people in society. An average man has to just eat, pay bills, and survive.
Everything is overpriced but people don't work for the same salary too, at least in my country salaries have significantly gone up and I really live in a poor country. Things, especially food and rent started rising because too many Russians and Ukrainians flew to my country. While there are still many people who didn't experience salary increases and it's also true that absolutely everything in my country is ridiculously overpriced, people still spend money because they have no other choice. Many of them live paycheck-to-paycheck and almost everyone around me has a loan from a bank. That's how they live, take loan, pay loan, take loan, go in pawnshop, leave jewelry to pay bank loan, then take a loan from friend to pay pawnshop, then bank loan and that's the circle many people live in. You have to afford expensive food, there is no other choice.