Is It really that high?

@whyaskq (7532)
Singapore
April 12, 2007 6:10am CST
The cost of living - is it really that high such that we are always complaining money is not enough? An elderly woman who has eaten home cooked food for decades decide to have a bowl of plain noodles at a coffee shop. She was shocked she has to pay $3 for the bowl of noodles. She complained that the last time she ate noodles, it cost only 20 cents! That was few decades ago. I remember when I was young, I ate bread. Now, I also ate bread, but instead of plain bread from the bakery shop, it was burger from McDonalds. Instead of Walls ice-cream, it was now Häagen-Dazs. Instead of just normal fruits and vegetables, many people are switching to organic stuffs. Instead of just $2 face-masks from a local pharmacy, it is $20 for a imported one from a MLM company. Is it true that the cost of living is really so high now? Or is it that we are enjoying a better lifestyle? Or is it that we are more willing to pay for quality life now that we are living in an affluent society? How do you find the cost of living? Is it high? Or it is high because we are enjoying a better lifestyle? Please share your feelings :)
9 people like this
27 responses
• Singapore
12 Apr 07
Without living in the before, it is hard to compare definitely how the standard of living has changed. But the things nowadays ARE expensive! Look at how much we earn at myLot. If we work full-time, it would be one buck? Two bucks? And that's for the whole day. If I spend that on food only, gosh, I would need to split one portion into three. So are the things expensive or not? Ridiculously so!!
3 people like this
@whyaskq (7532)
• Singapore
15 Apr 07
Let's take $2 as example. We can buy a loaf of bread and last whole day. So it is a matter of lifestyle, I would presume :P
1 person likes this
• Singapore
16 Apr 07
That won't be too healthy...
@bluewings (3857)
12 Apr 07
Inflation is a reality and cost of living is likely to climb with time ,but it's also true that a better lifestyle does give a feeling of raised cost of living.Opening up the economy and letting global players penetrate our markets will always lead to competition and to balance the revenue loss due to competitive markets and import commodities we don't manufacture,the government raises the prices of items in the wider spectrum and that can't be avoided,but we could still budget our expenses without compromising with our lifestyle.However,the little vanities that life brings with it can bring a smile to each ones face and having options in a society is a great advantage.
@whyaskq (7532)
• Singapore
15 Apr 07
Yes, we can budget, but many people just do not have the discipline. And by budgeting, we are compromising on some lifestyle habits :P
@dpk262006 (56104)
• Delhi, India
12 Apr 07
Cost of living has certaining increased. Money value has gone down. It is going decreasing day by day. No doubt that now a days people get handsome amount as salary and due to progress they are able to enjoy better amenities and go to M'Donald etc. But cost of living has certainly risen higher and it will continue to do so.
@whyaskq (7532)
• Singapore
15 Apr 07
So it is still the people who choose to spend and drive up costs.. Why are we spending? Isn't it to enjoy a better lifestyle?
@winterose (39921)
• Canada
12 Apr 07
the cost of living is high you are lucky you are not financially strapped. I know people who don't even grocery shop they get the food from food banks because it is either pay their rent or buy food, and you can't do both. I froze all winter because I couldn't afford to put the high as high as I needed to. I can't remember the last time I ate in a restaurant.
3 people like this
@whyaskq (7532)
• Singapore
15 Apr 07
Personally, I feel partly the cost of living is high because people tend to spend more than they should. "Excessive" demand drive up prices :P
@Darkwing (21588)
12 Apr 07
I think the main problem is that the cost of living increases at a far faster rate than our salaries do. Therefore, the money doesn't go as far and the prices seem extortionate. Certainly beauty and health goods have risen drastically in price and organic food is charged at far too high a price. I prefer organic but if people have space in their gardens, they can produce their own just as easily, instead of being conned out of several extra pennies. Brightest Blessings my friend.
@whyaskq (7532)
• Singapore
15 Apr 07
Yes, salary is not increasing as fast, I agree wholeheartedly :)
@samrat16 (2442)
• India
12 Apr 07
The cost of living is seriously very high. Infact value of money is also dropping. I remmember I used to buy milk for 4 rs. one litre that is ten cents for one litre. Now price is 20 rs. a litre that is around 50 cents a litre. Just think about the money which has increased. I was living in a small town three years ago then I got shifted to one of metro's of India. Imagine rent at first place was some 50$ and now at new city I'm patin nearly 170$ per month. If prices are going to increase like this , one day we will find our kids in major problem.
@whyaskq (7532)
• Singapore
15 Apr 07
The pay of kids will also increase too ;P
@gabs8513 (48717)
• United Kingdom
12 Apr 07
It is a mixture of Both really to be honest I have not switched really as such and I do find that things are getting more expensive all the time.
3 people like this
@gabs8513 (48717)
• United Kingdom
12 Apr 07
It is a mixture of Both really to be honest I have not switched really as such and I do find that things are getting more expensive all the time.
2 people like this
@ssh123 (31104)
• India
18 Dec 07
If the cost of living is bound to increase rapidly or slow depending on pace of moment of the economy. It is generally resultant of inflation. Inflation increased if (1) Too much money chasing too little goods (2) When governmental spending increases (3) When investment inflow is very high (4) when rate of interest is low (5) When purchasing power of the people is high. Net result : the price go up. To arrest the steep rise in prices, the government has monetary policies like (1) increase the lending rate (2) put curbs on trade (3) increase the salaries of its employees (4) Put price controls (in many countries) (5) remove the hindrances in supply chain, so that more goods come into the market to bring down the price. Ultiamtely everything works on the SUPPLY AND DEMAND. Ordinary persons may not be able to understand this mechanism. Price increase is found due to increase in oil prices. Because oil is used in all sectors of economy and they increase the prices of their products and services. This is one of the reasons of continuos price increase. Secondly the private sector as well as public sector enterprises compensate people with dearness allowances linked to cost of living index to subside inflationary trends. Some economists view inflationary trends to vibrant economies. But definitely inflation beyond 3 to 4 percent will wipe out the savings of the salaried class.
1 person likes this
@whyaskq (7532)
• Singapore
24 Dec 07
True, it is the supply and demand that drive up prices affecting the cost of living. However, the irony is that cost of living never seem to be able to drop once it has gone up.
@ssh123 (31104)
• India
25 Dec 07
There is only one or two occasions the cost of living is lowering. Once when you move from a big city to suburbs (satellite towns) and from satellite town to village like places. YOu will see that your expenses are drastically cut down and you will also be paying lesser percentage of amount for the same services and goods. This holds good only when your earning remains same. For example a person who commutes in a public transport from suburb to heart of the city, he will then be saving better than a person who lives in the heart of the city.
@arkaf61 (10883)
• Canada
18 Dec 07
NO matter what the cost of living is still high. I"m not talking face masks or macdonalds. There's more and more people having to use the food banks and I that doesn't surprise me. Buying a house in here where I live is murder and paying the rent for an apartment involves something akin to selling our first born. WGeb we add all the things that are essential a big majority of people is not able to meet all the bills, or when they do, there is nothing left for some of the other things that although not essential are important as well. Yes, I agree with you that people are more an more thinking brands, lifestyle, etc. etc but the truth is even without those things many people are struggling. SO, yes the cost of living is high in my opinion.
@whyaskq (7532)
• Singapore
24 Dec 07
If I may add, the cost of living is even higher now with rising fuel prices :(
@liranlgo (5748)
• Israel
13 Apr 07
The cost of life now is very high, it does not depends only on our choices. yes. you are right we can eat food at home and only order coffee once in a while, at some coffee shop. we can go for the regular mask, and not the imported one, but there are also things that we can not control. an example to this is the rent- in my country, the rent is very high. so you are probably saying now, she can go and live in other place where the rent is lower, well i tried that and in the places that the rent is a bit lower, there are no jobs and we are back to the same problematic circle of living. also the TeXes are very high and we can not control it. The prices of vegetables and fruits are so high, like it never was before. and i do buy them in the lowest price market. so yes it is really that high. i know that at my country, young people are struggling to pay the rent and food expanses every month.
@whyaskq (7532)
• Singapore
15 Apr 07
Yes, basic needs are good measurement of cost of living :P
@charms88 (7543)
• Philippines
13 Apr 07
It all depends on the social and financial status you have. If you are blessed with a lot of hidden money, you will definitely enjoy a better and quality lifestyle. But for those who are forever struggling with survival, it seem that there's no end in coping with the high cost of living nowadays. Each time I went to buy my groceries, all the prices keep going up. A slice of my favorite cheesecake is worth $2. How so can I enjoy the luxury of eating a $2 per slice worth of cheesecake everyday. I need to be content to take a bite each day just so I can save enough to buy my next slice of cheesecake. NO, I don't enjoy the high cost of living.
@whyaskq (7532)
• Singapore
15 Apr 07
Appears that those struggling to make ends meet will find cost of living high. Cheese cake is a luxury to many :P
• Philippines
13 Apr 07
I guess if we would only concentrate on the three basic needs of man and sustain that then life is a lot easier. But people are also the ones who makes our own lives miserable and complicated. Let's begin with food. Instead of just plain cooked meal at home, we prefer to have those from the Chinese or expensive restaurants. Because these, we should earn a reasonable income for us to afford this. Then we complain, a real lot. Now, let's go to our clothing. Instead of simple shirt and jeans we still want to buy those branded ones which when we cannot afford to buy those we again complain that commodities are now more expensive than ever. Then, let's talk about our homes. Instead of just having a small house to live in, we still dream of big ones with wide backyards and swimming pools. I just believe people just become so materialistic that's why we always complain and never contented of what we have.
@whyaskq (7532)
• Singapore
15 Apr 07
Many will say it is not materialistic, it is keeping up with times and lifestyle :P
@Teyjattt (126)
• United States
13 Apr 07
The cost of living is greatly influenced by where you live. Someone responded here that they pay $1200 a month for rent on a dump, I pay 1/2 that and live in a nice apartment, and could buy a very nice home for $1200 a month. $3.19 a gallon? I've never paid that much. But I also live in the midwest. A second factor someone also mentioned is cost of branded merchandise. Seriously people, are $80 Tommy Hilfiger jeans really any better than a $25 pair of Levi's? Along the same line as this is those who try to "keep up with the Jones'", and drive themselves in to debt to maintain the same standard of living as their neighbors. The last thing I think is convenience. How much money is spent on fast food? On going out to eat? On t.v. dinners and frozen pizzas?
1 person likes this
@whyaskq (7532)
• Singapore
15 Apr 07
Convenience is one factor of lifestyle changes :)
@kgwat70 (13396)
• United States
13 Apr 07
I think the cost of living is higher than before because our society as a whole has gotten more greedier by the moment. The prices of everything is much higher than many years ago, including gasoline, mortgage payments, interest rates, food, education, transportation and everything else. Property and state taxes have gone up as well. It does have something to do with the better lifestyle but mainly it is the greed that is hurting us.
@whyaskq (7532)
• Singapore
15 Apr 07
Greed? That is really looking from another angle.
@1grnthmb (2063)
• United States
13 Apr 07
The costs of living is a lot hire. When I got out of high school my first job paid $1.69 per hour. Gasoline sold for 32 cents a gallon. I could go to the theater for 25 cents. My first apartmnet costs $80 a month. I could buy all the food I needed for a week with twenty dollars and I eat lunch out every day and still go to a restarunt several times a month. I loaf of wonder bread cost 10 cents. That was in 1974. Not so long ago really. Today minimum wage is $7.25 per hour. Gasoline is $3.19 per gallon. the theater is $8.50 for the cheap seats. My rent is $1200 a month for a dump. Food is costing us $500 a month (There are five of us now)or more and we can not eat out at restaurants except on rare occasions and that costs almost $100. A loaf of wonder bread costs $2.69 (As if I would even eat it now). So is the cost of living higher. I say YES!!!! Now, do most people have a lot of expendable income today. The answer there is also yes. So they are foolish enough to go and spend twenty dollar for that face mask that would cost them two dollars at walmart. People are not always smart when it comes to money.
@whyaskq (7532)
• Singapore
15 Apr 07
Probably if people are smart enough, the cost of living will not be that high :)
• United States
13 Apr 07
Well, I think prices had really gone up because of the slackening economy and the improvement/innovations of newer products. Keeping up with the times is really getting to be too expensive. It's not really about the cost of living that is important, I guess, but if many could afford the high costs. By this, I mean, if jobs have also raised people's incomes to be proportionate somehow to the high cost of living, there's no problem. Like here in the U.S., I could say that job earnings could get almost proportionate to the high cost of living. In my native country (the Philippines), many people don't have jobs which have incomes that could meet the high prices of gasoline and goods. Thus, we all try to keep up with the changing times (which leads to high standards of living) but it's also important to note that we also need to have the means to afford these. Happy myLotting!
1 person likes this
@whyaskq (7532)
• Singapore
15 Apr 07
You hit the point, keeping up with times leads to high standards of living, and cost of living :)
@flowerchilde (12520)
• United States
12 Apr 07
..we mass produce everything.. and then we heve massive consumerism.. and buy new stuff.. the more stuff we have the more we ahve to take care of... and the land fills are full of perfectly good 'old' proiducts.. You bring up a good point, if we stuck to the basics, maybe it wouldn't be as expensive.. but then cost of living would include energy.. housing, etc., too.. And yes housing seems to get bigger and fancier.. Then again, I'm pretty basic, and I sure wish the food didn't cost so much each week.. along with everything else..
@whyaskq (7532)
• Singapore
15 Apr 07
Yes, it is the basics that is critical :P
@Drakhan (241)
• United States
12 Apr 07
I think it's a combination of things. I earn about twice as much as I did 20 years ago, but a gallon of fuel for my car costs almost six times as much. So in some ways, the cost of living really has gone way up. However, I think some of it is carelessness, too. Noodles, for example, I noticed the other day that I could buy a pound of spaghetti for 88 cents. I could also buy a pound of spaghetti for $4. The boxes were right next to each other on the shelf and if you weren't concerned about money or paying attention, you could pay much more than you had to. You could also buy one of those pre-packed microwavable meals and get about a sixth of a pound of spaghetti and a few vegetables for $5. I'm still able to buy groceries for one person for about $20 USD a week when I'm careful. When I'm not careful, I can easily spend $100.
1 person likes this
@whyaskq (7532)
• Singapore
15 Apr 07
Isn't it better quality mean more expensive? I agree we need to be careful in our buying process ;P
@DeaXyza (577)
• United States
12 Apr 07
Cost of branded high quality life is high according to me. But in general the prices have gone up I was just watching a 1930's movie and the hero was getting $50 a week which was too high a pay. So in comparison the prices sure are high but our salaries too have grown it is not like just the cost of living is gone up the wages that we recieve too have reached good heights. So if you can live with just quality life I think we are fine but if we are looking for branded lifestyle it is going to cost us quite a bit more, it is not if we are willing or not it is about our own showiness that is our downfall, we feel pride when we show off our 60 inch television , tell me is it truly necessary for living? nope but yet we satisfy our pride quite a bit. A Maybach or a Camry both are cars and are just going to ferry me from one place to another but what an extension of self it is when one can boast to his friend or colleagues that he/she drives a Maybach, if you ask me a Camry is not only going to cost lesser but the upkeep of a camry would also be cheaper. Humans now have become slaves to the big giants who sell same things but at a higher price. Imagine a $1000 pizza.... I can not think what hunger it will satisfy that $5 Domino's Pizza won't. So it is us who are aiming for more expensive things and it should be our choice to make the Dollar run more than running the dollar down. The cost of living is just equal to that we earn, not more not less.
1 person likes this
@whyaskq (7532)
• Singapore
15 Apr 07
I like your examples. Well argued points, DeaXyza. I seek to disagree the cost of living is just equal to that we earn. I would think it should be equal to what we spend and there could be savings to what we earn :P