Will economic conditions worsen in the future?

[Platinumys]

When I was young I really didn't understand much about economics but as I gradually grew up and started to inquire about the outside world, I know why I don't see any similarities between my past and present. Maybe the technologies that were not there in the past are there now, but the prices of the things that were very low in the past are now very high. The same amount of money that used to buy fuel oil can't be bought now with the same amount of money. To catch up, if we compare five years ago with today, we see a lot of difference in the price of every thing. If the price of a commodity increases, the price of that commodity does not decrease. When asked or posted on social media why prices of other commodities, including fuel, are rising, the answer is that this is a global problem. I want to know if you are facing this same problem like me? 
If you are facing this same problem then what is the solution for this problem.

[Ziskinberg]

Yeah, I’m dealing with the same problem. Prices of goods in our country are really high, and what makes it worse is that salaries haven’t increased, which is why the poverty rate keeps rising.

I think the real solution is electing good leaders who can actually improve the country, because I believe that the main root of our economic struggles is corruption, and it’s been deeply embedded for so long, and until that’s addressed, things won’t really change.

[STT]

The 'simple' answer or solution is to always be more productive as much as you can be.  If the price of oil rises and you are able to produce more oil to some extent you are a likely beneficiary of that demand showing in a price.

Its not quite that simple as the price and nominal figure given doesnt mean you are receiving greater value vs your costs.   Some oil is found and never economically viable to extract, too many problems and costs or the quality of oil itself can be poor and require expensive refinement.  It all varies and devil is in the detail.

Venezuela has the largest oil reserves in the world for example, by quantity they are outsize the middle east even Saudi Arabia for its oil capacity.   However the detail to check is the process of turning that oil into fuel and something wanted by one of the worlds largest markets, the Venezuela oil is sour not sweet like middle east has and this little detail matters alot.

  It can be fixed but the easy path is not there, it requires alot of work, skill and ultimately efficiency is the largest deciding factor in business worldwide.
   This efficiency core to commerce is my main point in deciding are you to be rich or poor will you find a path to make things either easier for yourself, your nation or at least others to provide them with a service for their asset wealth etc.

[bestcandy]

When I was young I really didn't understand much about economics but as I gradually grew up and started to inquire about the outside world, I know why I don't see any similarities between my past and present. Maybe the technologies that were not there in the past are there now, but the prices of the things that were very low in the past are now very high. The same amount of money that used to buy fuel oil can't be bought now with the same amount of money. To catch up, if we compare five years ago with today, we see a lot of difference in the price of every thing. If the price of a commodity increases, the price of that commodity does not decrease. When asked or posted on social media why prices of other commodities, including fuel, are rising, the answer is that this is a global problem. I want to know if you are facing this same problem like me? 
If you are facing this same problem then what is the solution for this problem.

There is something we called time value of money, that is to say that money depreciate with time but the major factor that facilitate it is poor economic policy, corruption and bad leadership. If you check very well you will see that most countries that are facing economic crisis are not productive and are govern by corrupt leaders that don't have anything to offer but corruption.
The solution is productivity, good economic policy and integrity especially in the class of leadership.

[Oluwa-btc]

When I was young I really didn't understand much about economics but as I gradually grew up and started to inquire about the outside world, I know why I don't see any similarities between my past and present. Maybe the technologies that were not there in the past are there now, but the prices of the things that were very low in the past are now very high. The same amount of money that used to buy fuel oil can't be bought now with the same amount of money.

Economic impact has been widespread over the years but comparing the tremendous impacts and growth to this present generation I'll say we are in a high rate of economy downturn because there's a huge difference between then and now and it seems we ate going from top to bottom, so then looking at tit from this angle it can be concluded that the future could be worse than this because if we look out from the constant increase in prices of things in the country duly caused by alot of factors including inflation, i clearly think the government knows the right thing that would be done to get us all from this mess.

[Mrbluntzy]

If you are facing this same problem then what is the solution for this problem.

You gotta survive man, that's the solution. Do what you have to do to survive but be moral and do the legal and legit things. I remember when I was a baby, there's a particular snacks box my mum usually buys for me for not more than $1 but the price of that snacks box now is about $13. Which means that the economy keeps getting worse years after year, and I want it to change for the better but I don't see it getting better.

[Negotiation]

Economic impact events like global economic recession political instability and natural disasters that are present in all countries are having an increasingly negative impact on the economic situation. The deterioration of the economic situation depends a lot on the coordination between various factors and government management to solve this problem. The government's economic policies industrialization etc play an important role. If the government's policies work properly then economic development can occur. It is not possible to overcome this economic recession without the right steps of the government.

[Justbillywitt]

I don't think there's going to be any solution to these challenges. Anyone telling you that there's going to be a solution, the person is probably lying to you or don't want you to panic. We are only going to keep adapting to the changes and current realities and live through it until our time here is done and the people that are alive after us will continue the same process.
To the younger generations that are being born now, this is be the new normal and as the prices of things continue to go higher, they will also adapt to the situation. I remember my parents telling me how things were much cheaper in their time in the 60s and 80s but during the late 90s and early 2000, they were already complaining of high cost of living. Imagine how cheap life was during this period, yet our parents complained of bad economy. Can you compare that to the present day economy? So I think as the new generation keeps coming up, the economy will keep getting worse and people will just keep adapting. There is no way the world economy will ever get back to the way it was 15 to 20 years ago.

[Swordsoffreedom]

If you are facing this same problem then what is the solution for this problem.

We have no way to change the economy even when we know full well  that  it is getting worse  because it is beyond our power. So instead of waiting for leaders to come save us, let's find ways to adapt to things by working more, let's find ways to earn more money. And how to earn more money ?  Each of us needs to experience and find our own path, there is no general formula or secret to becoming rich so no one can help us but ourselves.


Also, don't spend too much time complaining or blaming the government because it won't  change anything but just waste our time and doesn't make our lives better.


Honestly, I have no other solution but to try to work harder and try to do my job well.

[TastyChillySauce00]

When I was young I really didn't understand much about economics but as I gradually grew up and started to inquire about the outside world, I know why I don't see any similarities between my past and present. Maybe the technologies that were not there in the past are there now, but the prices of the things that were very low in the past are now very high. The same amount of money that used to buy fuel oil can't be bought now with the same amount of money. To catch up, if we compare five years ago with today, we see a lot of difference in the price of every thing. If the price of a commodity increases, the price of that commodity does not decrease. When asked or posted on social media why prices of other commodities, including fuel, are rising, the answer is that this is a global problem. I want to know if you are facing this same problem like me? 
If you are facing this same problem then what is the solution for this problem.

purchasing power has been decreasing so fast lately, there's really nothing you can do except increase your income by doing side hustle or even up your career.
the problem of the worsening economic condition also spreading globally, don't know what's the cause but everywhere people's purchasing power is significantly lower compared to two decades ago.

maybe investing in a high return investment is also one way to save yourself from this, can't deny inflation also plays a role in the recent economic problem, post covid pandemic causes so much things to become expensive yet when pandemic ended the price didn't go down, just invest in BTC, or any high return asset, if you can't really increase your income, 3x within a year is already really good return.

[Despairo]

The world economy are always fine since 21th century, it were worse in 2009 and 2020 only.

The increasing price of commodities are normal, that's what inflation for. I don't see this as a problem, except you live in a country where inflation rate is high e.g. Argentina, Venezuela, Nigeria, Sudan, Turkey etc.

If I were live in high inflation rate, I think I will buy important needs in bulk because I know the price will keep increase, even I have a lot, I can use it for myself in the long run or sell it to other people.


https://www.imf.org/external/datamapper/NGDP_RPCH@WEO/OEMDC/ADVEC/WEOWORLD

[cabron]

Its a global problem and its going to get worse unless our currency isn't dependent to the economy of other countries. What you can control as a regular person is just to minimize your spending and grow your own food like planting your backyard vegges and spend less because the worse is yet to come.

We're aware this trade war is going to do to small countries with no resources and if you live in such place. You're in for the ride of your life. Invest in BTC coz maybe this will be the only that will save you.

[Tipstar]

When I was young I really didn't understand much about economics but as I gradually grew up and started to inquire about the outside world, I know why I don't see any similarities between my past and present. Maybe the technologies that were not there in the past are there now, but the prices of the things that were very low in the past are now very high. The same amount of money that used to buy fuel oil can't be bought now with the same amount of money. To catch up, if we compare five years ago with today, we see a lot of difference in the price of every thing. If the price of a commodity increases, the price of that commodity does not decrease. When asked or posted on social media why prices of other commodities, including fuel, are rising, the answer is that this is a global problem. I want to know if you are facing this same problem like me? 
If you are facing this same problem then what is the solution for this problem.

Looking at the bigger picture. We are in historically undocumented phase in our timeline. For the first time in history, we would have long term population decline in most countries. The significance of it would be greater than smaller things like wars and trade policies.
Our economy is based on the model that there would be increase in demand for everything. The demand for food, land and products and services would keep on increasing. That's how we planned our agriculture and industry. With the rapid decrease in population, the demand would decrease and on the contrary the oversupply may decrease the price in short term but would eventually increase as the cost of producing the product and service would increase.
There are many things we are not sure of but the best thing you can invest now is your kids.

[Y3shot]

Its a global problem and its going to get worse unless our currency isn't dependent to the economy of other countries. What you can control as a regular person is just to minimize your spending and grow your own food like planting your backyard vegges and spend less because the worse is yet to come.

We're aware this trade war is going to do to small countries with no resources and if you live in such place. You're in for the ride of your life. Invest in BTC coz maybe this will be the only that will save you.

Sometimes it could be global problem no doubt but the price of commodities is worse in some countries because bad policies of the government and they always put the blames as a global problem. I'm not denying the fact of global effects,  I know it is really affecting the price of every thing but most incompetent leaders are hiding behind it to do what so ever and it is making things to become worse than what global issues is causing.

[traderethereum]

We have the same problem. Many goods and products increased and never know when the price will go down. People need to hold on tight and really know how to allocate their income with right.

They can not just spend the money on something that is not important because they must fulfill their daily needs first before something else.

Price increases happen every year while salary does not increase significantly. The government should find a way to solve this matter if it doesn't want to see its citizens suffer.

[Synchronice]

When I was young I really didn't understand much about economics but as I gradually grew up and started to inquire about the outside world, I know why I don't see any similarities between my past and present. Maybe the technologies that were not there in the past are there now, but the prices of the things that were very low in the past are now very high. The same amount of money that used to buy fuel oil can't be bought now with the same amount of money. To catch up, if we compare five years ago with today, we see a lot of difference in the price of every thing. If the price of a commodity increases, the price of that commodity does not decrease. When asked or posted on social media why prices of other commodities, including fuel, are rising, the answer is that this is a global problem. I want to know if you are facing this same problem like me?  
If you are facing this same problem then what is the solution for this problem.

I don't experience the negativity of worsening economic conditions compared to my past life because years ago, my salary was low and not enough to have a good life despite the fact that everything was cheaper compared to current days but now, my salary is significantly bigger than it was and despite of worsening economic conditions, my salary increases enough to make me feel good.

The only solution from this situation is to work on yourself and try your best to increase your earning. You can focus on improving your skills to make yourself more valuable or find a side-job, do some freelance or monetize your hobbies and daily activities like lots of so called influencers do.

[Shishir99]

I want to know if you are facing this same problem like me? 
If you are facing this same problem then what is the solution for this problem.

I believe everyone facing the same problem because it's worldwide. The problem is on a large scale in 3rd world countries. It is mostly because of the corruption. In my country, when importers say we are unable to import a certain thing, the price of that thing increases overnight. Let's say India announced that they cannot export Onions to Bangladesh for a month, the price of onions increased up to 1000% in one day.

Why does it happen even though there is enough stock of Onions? It's because the dealers stock those Onions and say we do not have enough stocks. But they sell Onions $4 per K.G saying the stock is limited. Usually the price here is below 0.5 USD per K.G.

[Republikcoin.com]

When I was young I really didn't understand much about economics but as I gradually grew up and started to inquire about the outside world, I know why I don't see any similarities between my past and present. Maybe the technologies that were not there in the past are there now, but the prices of the things that were very low in the past are now very high. The same amount of money that used to buy fuel oil can't be bought now with the same amount of money. To catch up, if we compare five years ago with today, we see a lot of difference in the price of every thing. If the price of a commodity increases, the price of that commodity does not decrease. When asked or posted on social media why prices of other commodities, including fuel, are rising, the answer is that this is a global problem. I want to know if you are facing this same problem like me? 
If you are facing this same problem then what is the solution for this problem.

Actually it is not a global problem because in some other countries the price of fuel oil is still relatively cheap even though the prices of other commodities have also increased. However, for such problems, usually everyone who works for other people will also ask to increase their salary rates and public transportation owners will also increase their service prices. So that this will create a little balance in the economic environment because the cause is in the production factory section where they also have to spend more money when producing and the government is also involved in things like this because government policies on the price of goods can also have a big influence on our lives.

[Queentoshi]

To catch up, if we compare five years ago with today, we see a lot of difference in the price of every thing.

Five years from now, things will also be different from now, and we have to be prepared. Things are getting difficult based on resources available that are now getting scarce and because of scarcity becoming more valuable. Individually we need to make sure that we are making efforts and moves to make sure that we are not affected by any bad economic condition that arises. One way to do this is repositioning of yourself in the society not just as a consumer, but also a producer, or even a wholesaler.

[Pi-network314159]

If the price of a commodity increases, the price of that commodity does not decrease. When asked or posted on social media why prices of other commodities, including fuel, are rising, the answer is that this is a global problem. I want to know if you are facing this same problem like me?  
If you are facing this same problem then what is the solution for this problem.

we all are facing the same thing everywhere in the world. one thing is that we cant expect things to go down when it goes up. if i may ask if you pass the age of 20 this year, will you be 19 next year? NO. the world is growing in population, and demand is getting higher and supply is low and all of a sudden things become expensive. so many student graduate every year without skill and looking for work and this creates high level of employment rate in the society, and increase in level of poverty. the employment opportunity created by government is limited and can not contain everyone if not learn a skill it will definitely affect the youth. the youth are getting lazy by the day by not creating employment for themselves but rather blame everything on government. is time we begin to be serious about our lives by learning skills or creating employment opportunity for ourselves and others and make a living than thinking about our past life and how things where cheap which may not come back again.

everything that happens in the past is a motivation to us to be serious and work harder, knowin that life is now a survival of the featest.