Nowadays, people around the world are struggling to deal with the rise of living costs. This essay will outline some effects of the situation, and some potential solutions.
The increase of living expenses is affecting each people and society in both mental and physical aspects. On an individual level, many people, particularly those living in big cities, cannot keep up with the increasing costs of living. Therefore, they have to get an extra job in order to make ends meet. As a result, these people seldom spend time for leisure activities, family gathering or sports and even get depression or anxiety disorder. On a societal level, rising living expenses can cause people with financial problems, so some of them crime in order to earn more money. For example, in some Asian countries where the monthly salary of state officer is low, many of them turn to corruption to gain more money.
There are a number of solutions that could be implemented to tackle this issue. Firstly, individuals need to learn how to budget their income more effectively. By following a strict budget, people will be able to pay their bills and save money. On the other hand, governments should enact laws to ensure that citizens receive minimum wages that are enough to cover the increasing living expenses. Finally, governments can create more jobs, especially in big cities where costs of living are much higher.
In conclusion, although many people are finding it difficult to cope with rising living costs, there are various solutions that may help to reduce the impact.
Nowadays,
people
around the world are struggling to deal with the rise of
living
costs
. This essay will outline
some
effects of the situation, and
some
potential solutions.
The increase of
living
expenses is affecting each
people
and society in both mental and physical aspects. On an individual level,
many
people
,
particularly
those
living
in
big
cities, cannot
keep
up with the increasing
costs
of
living
.
Therefore
, they
have to
get
an extra job in order to
make
ends
meet
.
As a result
, these
people
seldom spend time for leisure activities, family gathering or sports and even
get
depression or anxiety disorder. On a societal level, rising
living
expenses can cause
people
with financial problems,
so
some
of them crime in order to earn more money.
For example
, in
some
Asian countries where the monthly salary of state officer is low,
many
of them turn to corruption to gain more money.
There are a number of solutions that could
be implemented
to tackle this issue.
Firstly
, individuals need to learn how to budget their income more
effectively
. By following a strict budget,
people
will be able to pay their bills and save money.
On the other hand
,
governments
should enact laws to ensure that citizens receive minimum wages that are
enough
to cover the increasing
living
expenses.
Finally
,
governments
can create more jobs,
especially
in
big
cities where
costs
of
living
are much higher.
In conclusion
, although
many
people
are finding it difficult to cope with rising
living
costs
, there are various solutions that may
help
to
reduce
the impact.