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


Answer

The soaring cost of living is a thorny issue in many countries. This essay will first suggest the biggest problem caused by this phenomenon is it has put strains on individual finance and consequently result in a rising crime rate in societies, and then submit giving poor people financial supports as well as educating residents to manage money effectively as the two viable solutions.


Due to the increasing cost of living, people especially low-income individuals find it increasingly difficult to pay for basic purchases. Granted, as there are only a few policies that help lower-class citizens financially and the price of foods and transportation are on the rise, the poor are struggling to make ends meet and unable to cover the cost of necessities. As a result, many impoverished families are in desperate needs, thus, breeding crime in societies. According to a recent study, Several families living in high-cost areas such as Hong Kong , have to live in houses lacking basic amenities. In fact, the crime rate of this city is always at an alarming rate.


The solution is for the government to provide lower-class people with financial supports. In Vietnam, every poor household is given financial supports from the authorities, hence, alleviating poverty in local areas and consequent curbing the local crime rate. Dealing with this issue also involves with educating citizens about how to develop sensible spending habits. By implementing this initiative, people would know how to manage their financial budget effectively. This can help them to cut down on unnecessary expenses, hence, allowing them to save up for emergencies.


In conclusion, the rising cost of living can put a burden on individual finance and lead to social degradation. However, by providing poor people with financial supports and educating citizens to spend money sensibly. This problem could be tackled

The soaring cost of living (The topic is not about increases in the costs of living. It asks you about the comparative differences between countries - some with a low cost of living, and others with a high cost of living..) is a thorny issue in many countries. This essay will first suggest the biggest problem caused by this phenomenon is it has put strains on individual finance and consequently result in a rising crime rate in societies, and then submit giving poor people financial supports as well as educating residents to manage money effectively as the two viable solutions.

(Improper thesis statement. Never mention your essay, your writing, or what you plan to tell the reader in a formal essay. Instead write a thesis statement. It addresses the topic and is the main point of the essay. )

Due to the increasing (Off-topic) cost of living, people especially low-income individuals find it increasingly difficult to pay for basic purchases. Granted, as there are only a few policies that help lower-class citizens financially and the price of foods and transportation are on the rise, the poor are struggling to make ends meet and unable to cover the cost of necessities. As a result, many impoverished families are in desperate needs, thus, breeding crime in societies. According to a recent study, Several families living in high-cost areas such as Hong Kong , have to live in houses lacking basic amenities. In fact, the crime rate of this city is always at an alarming rate.


The solution is for the government to provide lower-class people with financial supports. (wrong form) In Vietnam, every poor household is given financial supports (wrong form) from the authorities, hence, alleviating poverty in local areas and consequent curbing the local crime rate. Dealing with this issue also involves with educating citizens about how to develop sensible spending habits. By implementing this initiative, people would know how to manage their financial budget effectively. This can help them to cut down on unnecessary expenses, hence, allowing them to save up for emergencies.


In conclusion, the rising cost of living can put a burden on individual finance and lead to social degradation. However, by providing poor people with financial supports and educating citizens to spend money sensibly. This problem could be tackled

thank you so much