How is the country's finances affecting the personal finances?
- Thread starter Stardom22
- Start date
I think that a country's economy could play a very important role. This is due to the fact that when a country has enough money, inflation gets cooled down. This nay affect personal finances in many ways. The purchasing power of people increases.
When your country's economy is in a mess, there is only very little that you can do to succeed financially except you join politics.
Yes, the country's finances affect its economy which in turns determines the individual's personal finance. When the economy is bad, people struggle to afford most of the things that they need. They will have to come up with ways to survive in such an economy.
When your country is poor, government spending is low and circulation of money into households would also be poor.
When the economy of the country is bad, real estate's prices will decline; stocks market will enter into a bear market. Companies cannot afford to raise your salary.
