Inflation Rate and the Poor

As the cryptocurrency market continue to fall, inflation rate rise. With the little to no earnings you get playing P2E and the risk you take when trading it surely has a great impact on everyone's portfolio.

A lot has suffered losses or should I say everyone. Who would have thought that bear market is just around the corner? When will this end?

THE POOR

Being poor is never a choice but if you do not do something to improve then you will remain struggling until you die.

What are the struggles?

Finding food to satisfy hunger is the main problem of being a poor.

But do not judge, some people who are poor did not just let it be. They strived harder but then I would really believe that sometimes we gotta have some luck because these people have failed and got tired of striving.

Another challenge is finding a decent place to live. While in other countries poor can still afford to drive a car and stay in a place that they can call their own here in our country it could either be homeless or living in squatters area. Living in a land that they do not even own and has a high tendency that they will be kicked out once the owner decided to use the land.

As the inflation rate became higher the poor struggles even more.

The amount of 1 kilo of rice costs around 30 pesos to 38 pesos before now it is either 40-50 pesos. That is basically $1 for a kilo of rice and to some families it would only last for a single meal. Another worry would be the meal to prepare?

If you know someone who is a Filipino you should know by now that we can hardly live without rice.

Believe it or not, other people pair rice to salt or soy sauce. They cannot afford even a single fish or meat anymore as it would cost around $6 per kilo so they would prefer pairing rice to salt and soy sauce since they need not to cook it. Cooking alone would even be costly because they have to buy lots of ingredients that is if they only use woods to make fire at least that won't cost them a thing but if they use stove or butane then it is going to add up more burden.

Other goods used to cook food is really getting more pricey, what scares me is the possible effect of this to others.

CRIME

Crime is one of the effect caused by just simply being poor. Some would pick pockets, snatch or even hold up. Others would be willing to do bad in exchange of a certain amount.

As what other says, EASY MONEY.

It is hard to look for a decent job, you have to be a graduate in College or High school and if you are not then better not apply. Some made new money or those who got lucky in the business industry while others got scammed.

A lot of people in any social media platforms take advantage of someone's eagerness to become rich and so they would offer promising schemes like networking.

In effect to this, other victims would commit suicide.

...end thoughts...

Virtual hug to those who are struggling from their daily income. We can definitely do this! I pray for abundant blessings for everyone.

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