3 Reasons The Economy Put Everyone's Life On Hold For Years Ahead [Get prepared for it]

3 Reasons The Economy Put Everyone’s Life On Hold For Years Ahead [Get prepared for it]

1 Aspirations are part of life. However, it appears the recent euphoria people had about their lives is gone in the twinkle of an eye with the curry economy.

2. People’s lives will definitely be put on hold until the good lord knows when things will return to normal.

3. Aspirations like further education or building houses will soon become wishes and the days when people retire without completing their houses are sure to return for the following three (3) reasons.

1. The fact that the rate of salary increase is way below inflation rates means everyone must cut their expenditure from whichever quarter. Since food, medical and other basic needs can not be easily cut, major projects like further education and building are the only options to cut for survival.

2. Secondly, the government’s haircut on pension funds invested in government bonds means workers will be retiring with a lower lump sum pension which will be even less than inflation. The ultimate consequence is pensioners who plan to finish their houses with a lump sum will have to feed on such less pension and forget about completing their houses or paying huge school fees for their children who were born in their later years

3. Finally, with inflation skyrocketing beyond the roof, even loans can not complete the project they are meant for. People will therefore have to finish such loans in years to be able to access new loans to possibly complete any major project.

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