@TheGuy
more from that month
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.* **Sponsor Of This Article:-**
**Image by** **Unity****, Follow** **Noise****,** **Odysee****,** **LinkedIn****, and an** **article** **for more info.** https://read.cash/@Unity https://noise.cash/u/UnityOne https://odysee.com/$/invite/@LearningTimes:c https://www.linkedin.com/in/debeshchoudhury/ https://read.cash/@Unity/how-to-sponsor-an-article-64c5cc04 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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24 comments
The common man was affected the most especially in third-world countries. Politicians use Government money for their interests. Not invest in projects which a useful for the country's growth. Recently 70% of Pakistan was affected because of flood reason lack of infrastructure!
Ah, Politicians are the most corrupt people you will meet ever. It's the same in India also. They take money for their future generation instead of using it for development.
In all these political squabbles, it is always the common people who suffer. To create any kind of asset at all, you need start-up capital. Investing in something always contains a lot of risk, except for real estate.
As said for middle class the road to become rich is hard and risky without any backend support.
This inflation happened give a big impact of many people, a challenge one especially those people who belong to the low status my friend and I felt sad with it but I'm sure they can make it. They will fight the struggles.
I too wish people survive but if it increases like this then our wishing also won't be helpful at all.
We will be praying my friend. I hope this inflation will stop.
I'm glad that you brought this up. Inflation is everywhere including my country. It's affecting the people of the middle class badly. We're feeling it!
We are slowly transferred to lower class due to inflation.
Unfortunately it is true what you say. Most rich get richer because they get more opportunities. Taking a loan is very difficult for some middle class men. But rich people can get it in a breeze. But we must continue striving and working our way to get more assets to hopefully become upper class someday.
And even paying back loan is very hard for middle class. But yeah middle class has a history of never giving up.
I also have written many posts on noise cash related to inflation. I say that inflation is not problem of my and your country. Inflation is problem of every country after covid.. All countries should held any international conference for controlling inflation in world. Inflation has broken backbone of middle class.
I think every country wants to use this as an opportunity to trade more without looking for solutions.
Just like you, I believe the success of middle class determines the success of a Nation. If more people from the middle class are moving up the ladder and gradually getting rich, the better the economy of the nation. And the reverse will be the case if they fall off the ladder
A country may be known outside by rich men but if all the wealth is shared by some people then the inside world is hard and non favouring for common people. We middle class have to work very hard to jump to higher class.
You're right. When this kind of problem arise middle and lower class were hit. But it trally hit lower class big time sad to say😔
The system is made like that were the lower class have to suffer in such times.
Very true. By all means it is the middle class and lower class getting affected. This has become more evident in the covid period.
After covid, I think every middle class is struggling now. Most of the savings lost, inflation on the rise, no increment in income lots of factors making life more difficult.
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.
That's the problem which government should look at, there's been years since increment in paychecks, the companies are already making good profits in inflation.
The government is apathetic about everything. He does not know about the good and bad of people. But the government's job is to do good for the people.
means that the rich will get richer, to start a business the rich will have no difficulty because they already have large capital and do not need to be confused. Most people want to start a business hampered by capital. especially for people in the lower middle class.
The ways supporting for lower class to even do something different are minimal and so middle class never tries anything extra.