Where is the cost of living crisis exactly?

yea tis very worrying stuff when you see people on 50k+ a year struggling

...we clearly need to reduce consumption, but in order to do that, we also need to try figure out this wealth inequality thingy with it, or else....

The media, as usual have over-played and over-hyped the crisis. Sensationalism sells!

yea, some companies are cleaning up, but their costs have sky rocketed as well, this wont end well, wages have to rise, or else!

If someone is on €50k in Ireland with no dependencies and can only "survive" they need to take a serious look at where their money is going.

I wonder if that would ever happen though. The bell curve of wealth distribution seems fairly set in stone worldwide, some are very poor, some very rich with most stuck in the middle. How would we go about doing this. You would almost need to go back a communist type society but that would stifle the incentive for hard work and innovation.

What appears to be happening is a slow ramp of the pain to allow people time to adjust. Any major quick changes would cause uprisings and riots. But its a bit of a race between climate change and changes on people lifestyles and consumption habits.

not at all, theres some great ideas out there on how we could attempt to, and still maintain a good standard of living for all, in fact i think they d probably dramatically improve it for all, and have no need to be radically changing our political and economic ideologies, capitalism has been bloody powerful after all....

maybe, but i dont think it has to be so, there really is some great ideas out there on how to resolve all of this, but very few may ever come to be sadly

...as so is the general arseholeness!

I'm lucky enough to have a small mortgage, can put money by each month for annual bills and utilities, have an economical car, a good salary and live alone.

Despite that I notice the bite of inflation. So far in petrol and grocery shopping which have really increased. I don't live a caviar and champagne lifestyle, most of my shopping is done in Aldi and Lidl, but the cost seems to be nudging up each week.

That's in summer when very little electricity is used and the heating is off. Prices are expected to increase again in the autumn so I'll really notice that once the dark, cold days and nights return.

Anyone with children and childcare and/or back to school costs must be starting to panic. Christmas is just around the corner then too. It's going to be a tough winter for many, particularly for pensioners solely reliant on the state pension and living in houses with poor energy efficiency. I've said this before but the last recession wasn't as tough because the cost of living came down dramatically. Utilities and groceries were very cheap at that time. The opposite is happening now.

https://youtube.com/shorts/uYP7Xu2wN1k?feature=share

ah most ideas would have inherent issues with them, theres no one hit wonders here, no perfect solutions, probably never will be either

hahahaha, yea right, more arseholeness!

If you have the ability to cut costs, inflation can be counteracted. Luckily I am fortunate enough to be in this privileged position, as are many others, and I keep an eye out on my spending, drive the car a bit less to cut diesel costs, buy supermarket own brands instead of expensive brands for some items I feel are very good substitutes, cut out frivolous and impulse purchases etc....by doing this I can keep my cost of living consistent with where it was last year. I do want to change my car but the cost to change is very high at the moment so I'm holding off. As you can see, no real pain for me just a few mild irritants but I will very much survive.

However, many were already pinned to their collar as regards costs for just essentials and can't cut further without real pain and discomfort. There will be adults going without so children can eat and there will be children going to bed and to school hungry and in rags, looking back I can remember the children like this in my class in the 80s in primary school. Not many, but through the eyes of an adult, I recognise it now. It could have been parental neglect but it could also have been parents doing their best but just couldn't afford it.

i don’t mean this towards you but I see a lot of people i Ireland posting this type of thing. A great reset. The rich blah blah.

If you look at it objectively if you live in Ireland you are the rich. Globally. Which means any reset of levelling means your income and standard of living has to fall to level up the people below.

Oh right. It’s just those richer than you that should pay. Gotcha.

ah plenty of tricks still left up their sleeves with share buy backs, potential bail outs, debt forgiveness etc etc, wouldnt be worrying too much about them.....

the only issue with the polluter pays approach, under modern political and economic ideologies, thats generally always the end user, and virtually nothing to do with the actual creators of the goods in the first place, i.e. market forces are almost completely exonerated from the process of responsibility