Post
Topic
Board Economics
Re: How is the cost of living in your country?
by
Bitco55
on 05/08/2024, 11:49:28 UTC
Hi Guys,

I'm curious to know if there is a cost of living crisis in your country and if you are feeling the effects of rising goods and services.

I'm Australian, and the inflation rate in 2023 was over 4%.

I have noticed significant increases for everyday essentials like food, petrol and utilities.

The cost of petrol is around $2.10AUD per litre, which is insane.

Let's hope things improve in the near future because the current state of things is unsustainable.

I think the increase in the inflation rate was a worldwide thing in the year 2023, or even as time goes by. The inflation rate in my country is terrible. It went up slowly, but people never expected it to get to this level. Not a payer though, but at this rate, we may face a global economic crisis. Call it " The great depression 2".

As individuals though, we need to ensure that we aren't swallowed in all of this. In evolution, some scientists considered survival of the fittest to be the major factor that distinguishes us from other animals. Those who could survive became stronger and evolved, while those who couldn't, perished and were swallowed up by the struggles. We need to think outside the box, may not be for your country, maybe for yourself and of course, your family. Sometimes, the worst times are what make you stronger and more evolved.