2. In many countries the cost of living is rising. What are the effects on individuals and society? What measures can be taken to deal with this problem

It is true that the living expense in many nations is on the

increase

. There are some drawbacks that

this

development brings about and several solutions should be adopted to resolve

this

issue.

To begin

with, rising living cost results in two main disadvantages. On an individual scale,

people

with low income might find their living standards worsen if the living cost keeps rising. As a matter of fact, those

people

could be unable to afford their basic

necessities

such

as food or clothes if the prices of these

necessities

increase

.

Consequently

, they might have to make cutbacks on other vital aspects

such

as education or health care to spend their finite budgets on these

necessities

in order to survive,

thus

decreasing the quality of their life. On a societal scale, some social issues might occur due to the

increase

in living expenses. In reality, the illiteracy rate could

increase

as

people

are unable to afford education fees.

Therefore

, the academic standard of the nation could be negatively affected. I hold the belief that some effective measures are required to address the issue of the rising cost of living.

Firstly

, the government should allocate national budgets to help impoverished citizens cover their living expenses.

For example

, the Vietnam government has policies to spend money to support its inhabitants in the fields of education and health care.

Secondly

, a reduction in taxes on basic

necessities

such

as food is required as it will help

people

to make ends meet more easily and allow them to spend more on personal purposes, thereby improving the quality of their life. In conclusion, the

increase

in living expenses has some negative effects on

people

and some solutions are needed to tackle

this

problem.