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The cost of living is higher in many countries. What are the effects of higher prices on individuals and society? What is the best way for people to deal with this problem?

#cost #countries #effects #prices #individuals #society #people
Nowadays, living expenses have grown higher than the average compared to the
last
 decade in different countries.
Thus
, many
people
 are struggling to keep up with the sudden changes and trying to manage their spending.
This
 essay,
therefore
, intends to discuss the potential outcomes of the high prices bestowed upon the citizens and their communities and the possible ways of solving and managing
this
 issue. Considering the fast increase in living costs, it eventually created negative effects on society. One of the main ones is its effect on
people
's mental and physical health.
For instance
, in order to save as much
money
 as possible,
people
 tended to reduce their spendings on food and groceries which affected their health considerably. As the stress of attempting to save more
money
, the majority of
people
 got mentally exhausted.
Furthermore
, entertainment became rare since most societies are trying to maintain the necessities only. As the issue kept growing, a number of resolutions have to be taken to deal with
this
 problem.
Firstly
, each citizen needs to set up a monthly spending plan that covers the priorities and leaves a small amount for entertainment use. A second possible solution is to find a working place with a higher income or a second job. Another step is looking for cheaper alternatives, which can save a good amount of
money
.
To sum up
, the high cost of living is a global issue that many
people
 are worried about.
As a result
, it became disadvantageous for societies worldwide as it caused problems of poor mental and physical health.
Moreover
, it made many
people
 give up on entertaining themselves just to save
money
.
Therefore
, the best way to solve
such
 a problem is to be systematic in spending considering both the priorities and leisure time. Other ways could be accomplished through having higher pay or a second job or by reducing costs by buying cheaper goods.
Submitted by tnteeroo on

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For we to consider an essay structure a great one, it should be looking like this:

  • Paragraph 1 - Introduction
    • Sentence 1 - Background statement
    • Sentence 2 - Detailed background statement
    • Sentence 3 - Thesis
    • Sentence 4 - Outline sentence
  • Paragraph 2 - First supporting paragraph
    • Sentence 1 - Topic sentence
    • Sentence 2 - Example
    • Sentence 3 - Discussion
    • Sentence 4 - Conclusion
  • Paragraph 3 - Second supporting paragraph
    • Sentence 1 - Topic sentence
    • Sentence 2 - Example
    • Sentence 3 - Discussion
    • Sentence 4 - Conclusion
  • Paragraph 4 - Conclusion
    • Sentence 1 - Summary
    • Sentence 2 - Restatement of thesis
    • Sentence 3 - Prediction or recommendation

Our recommended essay structure above comprises of fifteen (15) sentences, which will make your essay approximately 250 to 275 words.

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Topic Vocabulary:
  • cost of living
  • higher prices
  • financial burden
  • quality of life
  • social inequality
  • disposable income
  • poverty rates
  • cost-saving measures
  • skills and education
  • sustainable lifestyles
  • alternative lifestyles
  • government policies
  • government regulations
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