SEC-S17W4: the effects of economic hardships on families
Hello all steemit friends wherever you are, good night and best wishes always to everyone... On this occasion I am back to participate in a contest held by the Steem Kids & Parents Community in the Steemit Engagement Challenge Season 17 Week 4 with the contest theme: "the effects of economic hardships on families".
It cannot be denied that the progress of a country is very dependent on its economic factors. If the economy is good then the country will experience progress, and vice versa. This shows how important the economy is and must be the main factor that must be improved by a country. Don't let crises and economic difficulties shake the country which could have negative impacts on society. The economic crisis seems to be a frightening thing not only for society but also for a country. The decline in the economy will result in an increase in poor people due to decreasing income.
The increasingly difficult economy also has negative impacts that are not good for families. The economic difficulties experienced by a family will cause pressure due to insufficient income amidst the high cost of living. This makes it difficult for the head of the family to fulfill various daily needs. Indonesia, as a country with a very large population, is also not free from economic difficulties. The economic condition of a country is one measure of a country's success. The stronger and better the family economy, the stronger and more prosperous the country will be.
The current downturn in the economic situation has caused many people to lose their jobs and result in reduced income. The impact of the country's economic problems on the family is the lack of income earned while the expenses and needs needed are increasing. Moreover, since 2020, almost all countries have been affected by the Covid 19 pandemic. The impact of this virus has caused the country's economy to decline at almost all levels of society. Increasing unemployment has resulted in the community's economy faltering, especially the family economy.
Everyone may have experienced economic difficulties, just at different levels. I personally have also experienced when income decreases while expenses are quite high. However, all of this can test my patience and be a lesson for me to be able to overcome these difficulties. However, I am very grateful to have a family who helps each other to overcome various difficulties even in the form of loans. I think that's what's great about someone who always has a helpful nature.
Because it really understands the management of financial management in the family to overcome economic difficulties. Saving is a solution that can be implemented early so that if various difficulties arise we have reserves that can be used at any time when needed. Setting aside a small amount of income every month is certainly very beneficial if done regularly. No one can know what economic conditions will be like in the future, but by looking to save, I think we have saved the family we love so much from a detrimental impact.
That's my post for taking part in this challenge and I also invite friends invite @wilmer1988, @sualeha, @suboohi, @dirapa, @tocho2, @stef1, @pandora2010, and @goodybest to take part in this contest.
Regards,
@fadlymatch
Upvoted. Thank You for sending some of your rewards to @null. It will make Steem stronger.
Thank you
Thank you for participating in the Steemit Engagement Challenge Season 17 in the Steem kids and parents Community.
Hi sir, it's true what you said, that the economic crisis is always a major problem in a family, as for what we need to apply to overcome it is to be grateful and patient. Interesting writing and keep sharing interesting and useful writings.
Greetings,
This issue of economic hardship is something that has affected majority of the population. The commonest people affected are the poor and middle class set of people.
How can an employee spend 70% of his or her income on Transportation. At this point, what will that individual have to survive? I hope this issue should be looked into thoroughly. Good luck on your entry.
Yes after corona, it impacts a lot . My elder brother always said that he was in good condition before corona but after this , sales are down and we are in debt and no resources to repay .. it is worst situation ever