How is the country's finances affecting the personal finances?

[Stardom22]

When the country's economy is poor the personal finances for the people would also be negatively impacted.

 

[Passiveearner]

When the country's economy is poor the personal finances for the people would also be negatively impacted.

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.

 

[nomad]

If your country's finance is not on track, it will closely reflect on your finance because these two are related things.

 

[King Belieal]

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.

 

[cherry123]

The decision my president took months back have brought very high inflation to us. it is not funny at all

 

[Fidelia]

When the country is broke, people won't be paid because it is from civil servants that businesses thrive.

 

[Sawe]

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.

 

[Shavkat]

It varies from one country to another. As you had mentioned, it will greatly affect the people's finances the their respective countries' economy is not good.

 

[Etini Willie]

When your country is poor, government spending is low and circulation of money into households would also be poor.

 

[Springtime]

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.

 

[eldavis]

If the country's economy is bad, it will also affect your personal economy. Even making money would be hard.

 

[Rubz]

The country's finances is affecting my personal finances badly. Everything is so expensive these days ranging from food to clothing. One's salary is hardly enough to cater for one's need.

 

[Ratine]

The government is the one that is regulating the country's economy through the country's central bank.