Post
Topic
Board Economics
Re: Inflation and it's impact to the common man
by
Fara Chan
on 05/12/2024, 08:05:00 UTC
There can't be a permanent solution to inflation problem the world is facing today for how the human numbers continue to rise without proper control and with limited resources to go round, this makes prices of everything continue to rise. Prevention can be individual and that's by doubling your hustle increasing your means of income to reduce the effect of inflation on your side because just one means of income no matter how big it is the rising inflation will overpower it, affecting your purchasing power.
What you said is very, very real in everyone's life because when inflation occurs and purchasing power has decreased because there are many goods that have increased prices, of course what everyone must do is increase their income in life through any job. Because without such prevention, everyone will continue to experience difficulties due to inflation that cannot be controlled by each individual, so the efforts that must be increased are in businesses that can generate more money so that the effects of inflation are not so felt in our respective lives.