Deadly Inflation

In my country, inflation is rising on a daily basis, causing every individual to be concerned about their ability to live comfortably. We are living through difficult financial circumstances, and it is unfortunate that the government has not made any plans to improve the situation.

A few years back, I recall the bank offering investors an APR of roughly 8-9%. But now the APR has risen to 21%, which is concerning.

Perhaps it will benefit the wealthy, but it will be bad to poor families because they lack the funds to deposit money in banks and earn 21% APR.

This gives you an indication of how inflation has escalated in my country, where banks are forced to offer the highest APR in its history.

To be honest, it is becoming increasingly impossible for poor families to survive in such harsh circumstances; people are dying of hunger. We are receiving more utility bills than planned, and it is possible that a person's wage is only sufficient to cover the costs.

That is why citizens are now migrating to European countries where they can make enough money to support themselves and their families. Many people traveled to Australia in order to earn a good living and compete with the country's high inflation rate.

It's incredibly depressing to see everything in front of me, and there's no other option than to work really hard. That is why I continue to promote the #hive ecosystem to citizens and people who are familiar with the online working system.

The problem persists for individuals who are unaware because they lack access to online platforms, which disadvantages them.

Governments must design a stronger strategy to compete with inflation; else, the situation would worsen in the next years.

I hope you find this post interesting and I hope you will like it. If you like the post, please leave feedback in the comments section so that the next one will be even better. Thank you for sticking with me until the end.

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REMEMBER: We should prepare for the unexpected and hope for the best. Life may not be easy, but you must do your best and leave the rest to God.

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