The cost-of-living crisis harm a common-man in Pakistan. The rising prices of necessities such as food, housing, and healthcare have made it increasingly difficult for people to make ends meet.
The cost-of-living crisis in Pakistan impacted the Coman man, particularly those living in poverty. Many families have cut back on essential expenses, such as education and healthcare, in order to make ends meet. It has resulted in a decline in the overall quality of life for many Pakistanis, particularly those living in rural areas.
Inflation can exacerbate the cost-of-living crisis by increasing the prices of basic necessities. However, it makes them less affordable for individuals and families. The prices of things rise, purchasing power decreases. It means that individuals and families may have to spend more on basic necessities. They have to leave less money for other expenses like education or savings.
The cost-of-living crisis has increased economic instability, particularly for low-income households. Rising costs of basic necessities such as food, housing, and healthcare have made it difficult for many families to make ends meet. The cost-of-living crisis has also fueled political strife and unrest, especially in areas where it is most acute. Some political leaders have proposed policies to respond to the cost-of-living crisis raised by inflation, such as raising the minimum wage or introducing rent controls. In some cases, third-party intervention needed to deal with the cost-of-living crisis and its impact on vulnerable populations. Non-profits and charities have supported basic needs such as food and shelter.
A taxi driver dropped his children from private schools because he could no longer afford the tuition fees. He expressed his grief by saying “My two children are not old enough to go to school, but the other two are going to private schools because I want to give them a better education.”
In addition, Thousands of middle-class and lower-class families are facing the challenges by inflation. And many are struggling to meet their needs. Many people cannot afford the necessary medical or preventive care, which lead to worsening health conditions and increased long-term medical costs.
The cost-of-living crisis aims to increase access to education and employment opportunities. Education can provide individuals the skills and knowledge. Therefore, they need to secure better-paying jobs and increase their earning potential. Employment opportunities can provide individuals with steady income and access to benefits such as health care and retirement savings.