No Mercy For The Middle Class
Inflation is on the rise and is striking everyone in the world as hard as it can or only some? It's not that it's a new thing but the rate and continuity at which it's rising it's scary. Usually, this inflation is supposed to hit people for a couple of months but I guess this year in one or another way, people got stroked by it every month. If the price rise decrease in one sector it increases in another sector ultimately inflating like a systematically planned business.
Who's The Most And Least Affected By It?
The common middle-class people are living on the edge due to this inflation, they have lost the feeling and forgotten when was the last time they actually used money for themselves or celebrated fully.
The least affected by it is the rich 1 % class. Inflation is for everyone but the rich always have ways to counter such times as they already have well-settled assets and business and in times of inflation some of those prices skyrocket, for example, real state. If one is rich trust me he/she has enough land to survive a century.
Why The Money Flows To Rich Only?
Because these are at the top of the food chain and in times of inflation what do you think where money flows, yes to the top chain in the their business because the common people are consumers and they are suppliers. In the inflation era only, the two richest people of India Ambani and Adani have jumped ranks in the richest person of the world list in fact Adani also jumped in the top 3 or 5 if I remember correctly.
When you have multiple assets and a business like that you have multiple opportunities to use this economic disturbance as a business.
While the lower class ones have to suffer the consequences.
Why Middle Or Lower Class Suffer
Because most of the people from these classes rely on jobs or on one source of income where the income is fixed but the inflation is not and so all the effort is applied to survive. There are not many projects to support us in times of emergency or inflation.
Solution
The only solution for a common person is to multiply their sources of income and make assets. Many of us make multiple sources but fail to make assets. Assets are the best investments for passive or recurring income.
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Final Thoughts
I don't mean any harm to 1% of rich individuals because due to them economy and corrupt governments are surviving. Of course one is never born rich, they work hard and earn it. For which they are a source of inspiration to many. It's just that the system to live and survive and grow for a middle class is very hard.
It's mostly focused on the rich. They can get loans, run away, get great help from the government, etc while for common people all those points obstruct them and act as a barrier.
And with this, I can't imagine the sufferings of poor people.
Rest, focus on creating multiple income sources to survive peacefully in the upcoming future.
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The prices of all products have increased in the market. Even if the price of all goods increases, But the income of the lower and middle class did not increase. So unable to purchase overpriced products. Having to go through life with a lot of hardships.