It is true that a significant increase in the cost of living can easily be seen in many nations around the world. Although there will be undoubtedly some negative consequences of this trend, several useful steps can be taken to mitigate this potential problem.
As there has been a rise in the cost of living currently, both individual people and society are affected. From individual person’s perspective, it leaves people struggling to pay for basic essentials in their daily lives. For instance, they will show more concern towards the problem of fuels, transports, clothing and shelters. Therefore, they will be under higher pressure of earning money and take higher risks of suffering from detrimental health-related issues. From society’s perspective, the gap between the poor and the rich will be lengthened. For example, wealthy inhabitants may still have money to deal with high cost of living, whereas the poorer ones may work harder to make their livings.
With a view to facing up with this problem, people should take action to solve the problem mentioned above. The best suggestion would be to migrate to other countries which have lower cost of living compared to their own ones. To illustrate, residents in Hong Kong can move to Vietnam to live by virtue of lower prices of daily necessities including house renting, groceries and entertainments.
In conclusion, while higher cost of living has exerted pernicious impacts upon not only the countries but also their dwellers in these countries, individual people should migrate to other nations which have lower cost of living.
It is true that a significant increase in the
cost
of
living
can
easily
be
seen
in
many
nations around the world. Although there will be
undoubtedly
some
negative
consequences of this trend, several useful steps can
be taken
to mitigate this potential problem.
As there has been a rise in the
cost
of
living
currently
, both individual
people
and society are
affected
. From individual person’s perspective, it
leaves
people
struggling to pay for basic essentials in their daily
lives
.
For instance
, they will
show
more concern towards the problem of fuels, transports, clothing and shelters.
Therefore
, they will be under higher pressure of earning money and take higher
risks
of suffering from detrimental health-related issues. From society’s perspective, the gap between the poor and the rich will
be lengthened
.
For example
, wealthy inhabitants may
still
have money to deal with high
cost
of
living
, whereas the poorer ones may work harder to
make
their livings.
With a view to facing up with this problem,
people
should take action to solve the problem mentioned above. The best suggestion would be to migrate to other countries which have lower
cost
of
living
compared to their
own
ones. To illustrate, residents in Hong Kong can
move
to Vietnam to
live
by virtue of lower prices of daily necessities including
house
renting, groceries and entertainments.
In conclusion
, while higher
cost
of
living
has exerted pernicious impacts upon not
only
the countries
but
also
their dwellers in these countries, individual
people
should migrate to other nations which have lower
cost
of
living
.