It is a fact that the living standards are increasing in many parts of the world which might be detrimental to not only the residents but
also
the whole nation. Linking Words
However
, society can take steps to mitigate potential consequences.
Linking Words
In
regard to individuals, rising living costs result in hardship for many families. Suggestion
With
In other words
, when the expenditure of living soars, they are more likely to live on shoestring budgets and have to cut down on the expense for everyday necessities like food, rental fees, electricity bills. Linking Words
Furthermore
, if the wages fail to catch up with the increasing prices or if Linking Words
coperates
have to downsize since they cannot afford their cost of running anymore, both blue-collar and white-involving the joint activity of two or more
cooperatives
corporate
collars
workers would have to force themselves to make more money, even by gambling or criminal activities. Suggestion
collar
As a result
, higher crime rate and a growing number of unemployment would lead to social unrest, which puts a burden on the government and Linking Words
also
affects the development of a country.
Linking Words
Therefore
, actions should be taken by both national authorities and citizens to tackle the issue caused by escalating prices. Linking Words
Firstly
, it is vital that the government Linking Words
provide
public subsidies for basic needs Suggestion
provides
such
as food, public transport, healthcare and so on. Linking Words
For example
, in the UK, not many people on average incomes are able to pay for the medical bills so the NHS treats all the ailments for free. Linking Words
Secondly
, each person should be a smart consumer simply by not purchasing unnecessary goods or opening a bank saving passbook. Those are some effective ways to make the most of your hard-earned money.
In conclusion, Linking Words
although
the downside of rising living costs could affect both dwellers and community, some plausible plans could be carried out to solve Linking Words
this
problem if we all commit to join hands.Linking Words
Andy